Million pound a day

[pieoftheday]

This has been raised in another thread but I though I'd repeat it here seeing as this thread is specifically about the
often quoted £1m loss per day. I've double checked this and I'm sure my maths is correct....

Simon said:

As I have repeatedly said, resisting change and not transforming to meet customer needs is not an option in a business losing £1 million a day. Royal Mail reported losses of almost £300 million in the nine months to December 2022, two-thirds of which was the result of industrial action.

So let's say the loss figure he's giving for 9 months is genuine.

But hang on - he says 2/3 of that was due to IA so lets remove 200 million leaving 100 million loss over 9 months.

100 million loss over 9 months is just over 11 million a month.

11m divided by 30 (days roughly per month) is 370k (roughly) a day! Not a million!

I've rounded figures but it still doesn't make it a million a day.

He was probably just reading what was on the whiteboard

[britwrit]

How is the government losing via the post office now that international services are screwed up? I'm sure they love that.

[curleigh]

What about the savings they made from wages during IA got to be around 100m also I'd love to know the breakdown of losses due to IA where EXACTLY do thee losses come from....show us !!!!