Proactive Investors - Royal Mail (LON:IDSI) union bosses have met with Daniel Kretinsky’s EP Group to warn the Czech billionaire that his commitments to workers are not strong enough.
Representatives of the Communication Workers Union (CWU) said they underwent a “useful and constructive” meeting with EP Group’s management and have scheduled a future consultation with the ‘Czech Sphinx’ himself.
Dave Ward, the CWU general secretary, said: “We made it very clear that the current commitments from EP Group are neither strong enough or long enough.
“Daniel Kretinsky has openly stated he wants to own Royal Mail for the rest of his life – we need commitments for the workforce that match that level of ambition.
“Royal Mail have led a prolonged and deliberate attack on its own workforce which continues to this day in many workplaces.
“Representatives of EP Group understood the reality that unless the workforce are on board, the company will never succeed.”
Last week, Kretinsky said should his bid be successful he plans to shake up the structure of the postal service, which could lead to thousands of jobs being cut and the removal of red pillar boxes.
Ward added: “We do not support a foreign equity company taking over Royal Mail. At the same time, we have absolutely no confidence in the current board of the company.”