Royal mail losses

[Rommagic]

What are we expecting the full year losses at this may I think?.

[Valentina@1]

They just gonna cook books again,show public/union what they want them to see….

[Philbag70]

They just gonna cook books again,show public/union what they want them to see….

This is the correct answer. Whatever they declare, it will be based on dishonesty

[scoobydo79]

Deduct the money given to shareholders and the top 5 bosses and we are in financial sh1t. Include it and we have raked the money in

[qwerty2]

These idiots want done for fraud

[postslippete]

The group as a whole expects its adjusted operating performance at the end of March 2024 to be break-even, and this figure excludes VR costs.


Imho It's a deliberate strategy to not reveal too much profit on the balance sheet while the business is all systems go towards getting the USO reformed.

[TheTrolleyMan]

Does anybody really believe anything that RM say or declare ?

[Weller1]

Whatever it is the CWU will agree with it!!…

[Rommagic]

Thanks for the replies I think £500m loss.

[GRS]

Massive losses hopefully……. Time to take this lot down with us

[Barnacle]

Does anybody really believe anything that RM say or declare ?

I don’t believe their figures at all because based on their own published figures, there is no justification for ploughing all resources into parcels.

So there is another set of figures somewhere.

[Jb1969]

Like most employed by RM, I really don’t care.
You lose the shop floor & only one way company is going & it’s not up!
Profits are there for shareholders & directors 100k bonuses.

[CarryingMGMT]

Like most employed by RM, I really don’t care.
You lose the shop floor & only one way company is going & it’s not up!
Profits are there for shareholders & directors 100k bonuses.

This is how you win the race to the bottom as someone who's winning

[CarryingMGMT]

The people who employ you hate you because you've put up with it for too long

[enskied]

An awful lot of money being spent by management on propping up managerial and logistical mistakes, without fixing them. There's no responsibility or culpability. They are still despite all the evidence pointing their way, blaming what's left of the actual workforce.