Stumbled across this story on social media.
https://www.opendemocracy.net/en/uk-royal-mail-water-companies-private-investors-profit-wages-privatisation-utilities/?utm_source=TikTok&utm_medium=page_link&utm_campaign=Royal_Mail_Strike
From the link.
/While Royal Mail workers plan to strike over a below-inflation pay offer, their bosses are preparing to pay out millions to a Czech billionaire who’s the biggest single importer of Russian gas into the European union.
Daniel Křetínský’s Luxembourg-based investment firm owns more than a fifth of Royal Mail shares, and will be the main beneficiary of a £133m dividend pay-out by the company on 6 September. Shareholders also got a £200m payout in January, as the company raked in an adjusted operating profit of £750m. Křetínský is the CEO of central Europe’s largest energy group, Energetický a průmyslový, and a significant media mogul in Czechia.
The notoriously secretive Swiss bank UBS, the second biggest shareholder, will also get millions. Royal Mail’s boss got a £140,000 bonus in June as part of a £753,000 pay offer./
Apparently when RM was privatised in 2011 by the Tory/LibDem government the Chancellor’s(George Osborne) brother in law made a fortune out of the sale.
With this sort of skullduggery going on I’ve a feeling there’ll be an awful lot more strikes over the coming months and winter.
Who was it said on here recently that the rich getting richer whilst the poor get poorer was just a myth?