Media playback is unsupported on your device

Royal Mail strikes loom as privatisation confirmed

12 September 2013 Last updated at 19:28 BST

The government has confirmed that Royal Mail, one of the UK's longest running national services, will be privatised.

The service has already undergone upheaval with job losses and price rises in recent years.

Royal mail employees will be given a 10% stake while the public will have the opportunity to buy shares for a minimum of £750.

The announcement has been met with fierce opposition from some quarters with the Communication Workers Union planning for strike action.

John Moylan reports.

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.