Postal workers union wants Royal Mail staff to have stake in business

CWU calls for new business model and says commitments for takeover do not go far, or long enough'

The union that represents workers at Royal Mail has called for a new business model for the company that would see workers given a stake in the company and pay tied to growing services and meeting certain social benefits.

Dave Ward, the general secretary of the Communications Workers Union (CWU), said that the potential takeover by the Czech billionaire Daniel Ketinsky should provide a moment to overhaul how the company is structured, which could mirror that of US-style public benefit corporations.