BT Tower in Central London
Massive pensions deficits are reasons behind an uncertain future facing both Royal Mail and BT, two of Britain’s communications giants.
BT has reported huge losses. And despite large profits made by the Royal Mail last year, few believe it will be enough to turn the company around.
Royal Mail is on the way to become partially privatized, a plan which many fear will result in further job losses, and bring an end to a piece of Britain’s heritage.
For the full story by Dongying Wang and Rob Welham, published by Xinhua News Agency in May 2009, please click here. Also, please return to the blog to post your comment.
Photo by Gaetan Lee
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