ANNOUNCEMENT : ALL OF ROYAL MAIL'S EMPLOYMENT POLICIES (AGREEMENTS) AT A GLANCE (Updated 2021)... HERE

ANNOUNCEMENT : PLEASE BE AWARE WE ARE NOT ON FACEBOOK AT ALL!

Battle Royal

The latest news and discussion on Royal Mail Shares.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
All news and discussion on Daniel Kretinsky's full takeover of Royal Mail.
TrueBlueTerrier
FORUM ADMINISTRATOR
Posts: 72548
Joined: 30 Dec 2006, 10:29
Gender: Male
Location: On my couch

Battle Royal

Post by TrueBlueTerrier »

http://www.ft.com/cms/s/0/c70c2688-71bf ... z1pexPITAC" onclick="window.open(this.href);return false;



US-based UPS’s €5.2bn purchase of TNT of the Netherlands will probably intensify competition in UK parcel delivery, one of the few growing segments of the postal market. That’s bad news for Moya Greene, well-meaning Canadian boss of Royal Mail, who Lombard suspects may not have realised quite what she was letting herself in for when she took the job.

The business, if it can be described as such, has been plagued by low morale and old-fashioned working practices. Ms Greene has led a shift towards automation and has also had a hand in offloading a stonking pensions deficit on to the taxpayer. That would normally help pave the way for a privatisation.

However, Royal Mail is still lumbered with delivering letters at uneconomic prices, which triggered a £41m divisional loss at the half-year stage. It is also compelled to drop off packages and letters fed into its handy distribution system by fully commercial rivals. As a result, Royal Mail is unlikely to provide an imminent windfall for the chancellor. The regulatory landscape for postal services is oddly tilted both against the dominant state-owned business and a government theoretically keen to cash in on its ownership.
All post by me in Green are Admin Posts.
Any post in any other colour is my own responsibility.
If you like a news story I posted please click the link to show support Any news stories you can't post - PM me with a link
My sharing of news articles should not be interpreted as an endorsement or condemnation of any particular viewpoint or the issues presented. I share them solely for informational purposes.
meercat
Posts: 814
Joined: 21 Apr 2010, 16:15
Gender: Male

Re: Battle Royal

Post by meercat »

The business, if it can be described as such, has been plagued by low morale and old-fashioned working practices.

What prick wrote this?

Is low morale a plague in our Do's and Mail Centres? Not any more than any other buisness in the UK - see FT story from 2010:
http://www.ft.com/cms/s/0/d86a3ae0-0709 ... z1psyTxz00


Do we have old-fashoned working practices? Do the FT mean delivery by cycle which is cheaper, more efficient and environmentally friendly than the vans?

In what substantive way do out MCs and DO differ from those in Holland? Or is this propaganda?