Business Services Industry
Evening Standard, London, City Spy column.
Knight Ridder/Tribune Business News, December, 2004
Evening Standard, London Knight Ridder/Tribune Business News
Dec. 8--SIR MIKE HODGKINSON and David Mills, chairman and chief executive of Post Office Limited, the Royal Mail's retail arm, have been talking to MPs worried about branch closures. "We have, if you like, the last bastion of nationalisation on our hands here," Mills told them. "We are seeing the last throes of a terminal whale on the beach. We either put it right or it will go the same way as every other nationalised industry; it will cease to exist. Once upon a time, we had 170,000 miners; we have got 6000 now."
When asked if there might not be more scope for compromise and consultation, Sir Mike replied sternly: "In an ideal world, if this had been a well-managed business and it...
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