Socialist Worker

Royal Mail plans to profit from closures

by Yuri Prasad
Issue No. 2222

Royal Mail plans to profit from the misery of its workers—and, in the process, fatten the company’s bank balance before privatisation.

As previously reported by Socialist Worker, the company is preparing to close dozens of mail centres and sell the land to property developers.

Thousands of workers face either redeployment—meaning many hours commuting at all hours of day and night—or being thrown on the dole.

The quality of the postal service will be hit and the environment harmed as millions of letters are unnecessarily transported around the country.

But these matters don’t concern the bosses.

In London, they have announced their intention to close the giant Nine Elms and Bow Locks operations. They also want to “dispose” of the Rathbone Place central London delivery office, which sits just off Oxford Street.

Estates Gazette magazine this week predicted a bonanza for the bosses.

“The [Bow Locks] 11.1-acre office and warehouse complex would be freed up entirely for disposal or development, as the Royal Mail is proposing to move the delivery office to an undecided location,” it reported.

“Given the wider plans for the surrounding area, the 12.9-acre Nine Elms site, which Royal Mail owns as freehold, will attract considerable interest if it comes to market… this is a major step forward. And a welcome one.”

It adds that, “the timing could be quite lucrative, too.”

Private sector vultures are circling Royal Mail. And, unless the CWU union acts with vigour and speed, there will be little left but bones.


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Article information

News
Tue 5 Oct 2010, 17:44 BST
Issue No. 2222
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