socialmedian: Don't send Royal Mail to highest bidder

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Don't send Royal Mail to highest bidder | Chris Colvin

Source: guardian.co.uk Politics

Nov 04, 2009

Summary

Flogging part of Royal Mail to a company such as TNT won't help – public-private partnerships have a terrible track record

Although not officially, at the root of the postal workers' strike lies the government's plan to flog off part of Royal Mail to the highest private-sector bidder. Lord Mandelson likely reckons that part-selling this state-owned public service will not only help plug the giant hole that has appeared in the state's finances, but will also improve postal workers' productivity and efficiency by imposing a new private-sector managerial and work ethos on the service.

Mandy's suitor of choice is TNT NV, the Dutch former state-owned postal service. The company was created in 1998, when the then PTT Post was spun off from Koninklijke PTT Nederland. It subsequently bought the Australian firm Thomas Nationwide Transport, an international package delivery service from which it gets its current name. Today, TNT is active in over 200 countries, is listed on the Amsterdam stock exchange and is the biggest private-sector employer in the Netherlands.

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