Stepping down

SIMON THOMPSON is allegedly preparing to step down after a stormy two years as Royal Mail’s chief executive.

Thompson, who attempted to introduce large­scale changes to existing working conditions as well as cost­cutting measures, encountered strong resistance and strikes. The unions which represent Royal Mail employees accused him of fuelling acrimonious industrial disputes.

in the company, which has belonged to the staff since the 1920s, in a bid to raise a much­needed £2

But, she pledged, this would be done in a way that was consistent with the practice of all partners sharing in the benefits of the business, as promised in the original staff ownership deal.