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ROYMY - Royal Mail Under Pressure From Union Labor Amazon
Royal Mail Plc ADR
Royal Mail's (ROYMY) basic problem is that it is that legacy mail delivery system in the UK. As with the USPS this means having to maintain every address delivery. It also means having a large and highly unionised workforce.
Sure, there's a benefit to having that national network that reaches everywhere, along with quite the largest retail network in the country. However, those are also costs that have to be carried and that doesn't bode well when overall trade, let alone sector revenue, is falling.