Royal Mail enters foreign ownership for the first time in five centuries as Czech billionaire strikes 3.6bn deal

"It is time for a fresh start and a complete reset of employee and industrial relations," he said. This statement reflects the need for significant changes in how Royal Mail operates under new ownership.

"Our union has reached a 'negotiators' settlement' with EP Group, encompassing job security, governance reforms, and a meaningful employee stake in the business." This shows that the union has managed to secure essential protections for workers.

"Despite concerns raised on national security grounds-given Royal Mail's critical role in delivering essential communications-Mr Kretinsky already holds significant British interests..." This highlights the potential conflicts and concerns related to foreign ownership.

"He is bound by undertakings to maintain Saturday first-class letter deliveries, preserve the Royal Mail brand, and keep the company's headquarters and tax presence in Britain." This outlines key commitments made by the new owner.

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