The billionaire bidding for the Royal Mail has insisted he would not slash any jobs if he succeeds. Daniel Kretinsky is preparing to table a new takeover for Royal Mail offer ahead of a May 15 deadline. The company, which was privatised in 2013, is struggling with heavy losses and missed delivery targets. Eyes on the prize: Daniel Kretinsky is preparing to table a new takeover offerBut Kretinsky, known as the Czech Sphinx, has privately made assurances that there would be no compulsory redundancies as part of his plans. Last month Royal Mail rejected an 'opportunistic' £3.2billion bid – or 320p per share – from Kretinsky.

Source: Daily Mail May 06, 2024 10:19 UTC