Royal Mail is doomed.

[SpacePhoenix]

i can see delivery supplement going down the swannee along with paid breaks, and doing away with full time release for area reps, and monthly pay, and thats just for starters. a new starter told me last month the conditions are worse than what she was on at amazon.!!

In that scenario I think that ALL allowances and supplements would go. Everyone in both MCs and DOs being made to do so many Sundays?

[GRS]

i can see delivery supplement going down the swannee along with paid breaks, and doing away with full time release for area reps, and monthly pay, and thats just for starters. a new starter told me last month the conditions are worse than what she was on at amazon.!!

What is, ‘full time release for area reps’, please?

mean,s they are on full release from their duties.

Doing what though? Being a full time paid rep or what?

Yes, I think how it works is the area reps etc are still employed and paid by royal mail as postie's but they are reps full time, apparently rm threatening to stop this cropped up on the run up to the last deal which at the time some suspected that it helped to encourage the CWU to recommend the deal.

Oh okay, I have wondered about this when the area rep is doing the rounds, talking to us in car parks, always curious to know what his happening with their walk.

This is why the CWU shat themselves when RM mentioned administration during the last dispute. Basically if an administrator had been appointed the first thing they do is cut anyone in a non operational job, this would mean these union boys would be in that cull. Hence why the union leadership immediately back pedalled on everything (and still are), they knew their “reps” would be out of their cushy number.

When that threat of administration was put out by RM any union leaders worth their salt in the middle of a bitter dispute would have called their bluff. Unfortunately our union leadership decided to cut the membership adrift in favour of protecting their own backs!!!!!!

[postslippete]

I was wandering around my walk and it suddenly came to me, RM is doomed! Make a great bit of click bait i thought, but i think there might be something in it so bear with me.
Currently we are apparently losing a million a day, that has been on going for a few years now.
With the amount of posties who have jumped ship/retired, say 20 to 30k posties down, replaced by say 10 to 15k employed on new contracts.
We are still losing a million a day.
Now allowing for the fact we are failing mail everyday of the week somewhere in the UK, but we are managing to deliver the majority of the tracked specials etc and are still losing a million a day.
How the feck is anybody going to turn this around without some sort of dramatic change.
On the other hand maybe the million a day thing is a load of bollocks and Kretinsky will wander in and make a fortune.

Losing a million quid a day is merely a soundbite that is used to justify watering down the USO. It makes no sense to still be losing a million quid several months AFTER the business has made changes with less FTEs and reduced sick pay unless of course the business is being badly managed. Unfortunately, the current board have been culpable of doing that in the past by handing over millions of pounds to shareholders instead of re-investing the profits back in the business. With one major shareholder in Kretinsky this might not be such an immediate issue in the near future as he seems to be well capitalised and is prepared to invest millions more into the business.

But we are kidding ourselves if this is ever going to be good for most of us in the long run. The growth in parcels and automation will lead to job losses and the new contracted staff will become the norm. The use of PDAs as a tracking device on delivery will be used to measure efficiency and delivering mail will become an objective to clear backlogs as management look at how to get mail delivered efficiently and cheaply with the minimum number of staff on duties. The idea of growing letter revenues by volume has long gone as postage has been critically ramped up to such an extent that only the 1st class mail will be skimmed. If the fines that Royal Mail have received by OfCom for failing to deliver the post are anything to go by, then it's obvious that Royal will continue their slash and burn approach.

[dazzler123]

the million quid a day has been used since 2013 has it not? Crozier was using it i think. Yet Managers still get juicy bonuses for tying their shoelaces by themselves, next one is 7% i believe

[Sean06]

i can see delivery supplement going down the swannee along with paid breaks, and doing away with full time release for area reps, and monthly pay, and thats just for starters. a new starter told me last month the conditions are worse than what she was on at amazon.!!

What is, ‘full time release for area reps’, please?

mean,s they are on full release from their duties.

Doing what though? Being a full time paid rep or what?

Yes full time rep paid for by royal mail.

[postslippete]

This is why the CWU shat themselves when RM mentioned administration during the last dispute. Basically if an administrator had been appointed the first thing they do is cut anyone in a non operational job, this would mean these union boys would be in that cull. Hence why the union leadership immediately back pedalled on everything (and still are), they knew their “reps” would be out of their cushy number.

When that threat of administration was put out by RM any union leaders worth their salt in the middle of a bitter dispute would have called their bluff. Unfortunately our union leadership decided to cut the membership adrift in favour of protecting their own backs!!!!!!

100%. Martin Walsh threw the members at the wolves to save his own skin. The fact is Royal Mail made these "financial losses" almost entirely due to their spending on automation, new parcel hubs and EVs. In the year end March 2022, for example, its capital expenditure was £441 million. Also, the other part of IDS is GLS which has been positively thriving and would need to be sold off. And this is where the financial difficulties end because IDS as a whole still has billions in assets, retained earnings and liquidity. It would be very difficult for the business to prove that it is insolvent and unable to pay its debts!! On top of that only the courts can make the decision for RM to be placed into special administration and there are many other things that the government could have done to help prevent this, not least a rethink on RM's USO or a change in downstream access.

The Union merely used the boards administration threat as fuel for their new agreement with Royal Mail. It had run out of ideas on what to do next given their failed industrial action dispute.

[postmanzach]

I was wandering around my walk and it suddenly came to me, RM is doomed! Make a great bit of click bait i thought, but i think there might be something in it so bear with me.
Currently we are apparently losing a million a day, that has been on going for a few years now.
With the amount of posties who have jumped ship/retired, say 20 to 30k posties down, replaced by say 10 to 15k employed on new contracts.
We are still losing a million a day.
Now allowing for the fact we are failing mail everyday of the week somewhere in the UK, but we are managing to deliver the majority of the tracked specials etc and are still losing a million a day.
How the feck is anybody going to turn this around without some sort of dramatic change.
On the other hand maybe the million a day thing is a load of bollocks and Kretinsky will wander in and make a fortune.

We are not losing a million a day, end of last year we broke even. I expect with this new sick policy,
The new contracts and people leaving we will soon be making record profits.
A billionaire wouldn’t buy the company if he thought it was doomed.

[postmanzach]

If I had the money I’d being buying shares now.

https://www.parcelandpostaltechnologyin ... years.html

[postieblueshirt]

If I had the money I’d being buying shares now.

https://www.parcelandpostaltechnologyin ... years.html

But if you had the money and any business accumin you wouldn't touch royal mail with a bloody bargepole.

[Barnacle]

If I had the money I’d being buying shares now.

https://www.parcelandpostaltechnologyin ... years.html

But if you had the money and any business accumin you wouldn't touch royal mail with a bloody bargepole.

The sphincter wouldn’t be interested if there was nothing to be leeched out of RM.

[Sean06]

If I had the money I’d being buying shares now.

https://www.parcelandpostaltechnologyin ... years.html

But if you had the money and any business accumin you wouldn't touch royal mail with a bloody bargepole.

So why is a billionaire wanting to buy it.

[Basildon Bond]

5590074_orig.jpg

The owners of the land came onto the land, or more often a spokesman for the owners came. They came in closed cars, and they felt the dry earth with their fingers, and sometimes they drove big earth augers into the ground for soil tests. The tenants, from their sun-beaten dooryards, watched uneasily when the closed cars drove along the fields. And at last the owner men drove into the dooryards and sat in their cars to talk out of the windows. The tenant men stood beside the cars for a while, and then squatted on their hams and found sticks with which to mark the dust.

In the open doors the women stood looking out, and behind them the children—corn-headed children, with wide eyes, one bare foot on top of the other bare foot, and the toes working. The women and the children watched their men talking to the owner men. They were silent.

Some of the owner men were kind because they hated what they had to do, and some of them were angry because they hated to be cruel, and some of them were cold because they had long ago found that one could not be an owner unless one were cold. And all of them were caught in something larger than themselves. Some of them hated the mathematics that drove them, and some were afraid, and some worshiped the mathematics because it provided a refuge from thought and from feeling. If a bank or a finance company owned the land, the owner man said, The Bank—or the Company—needs—wants—insists—must have—as though the Bank or the Company were a monster, with thought and feeling, which had ensnared them. These last would take no responsibility for the banks or the companies because they were men and slaves, while the banks were machines and masters all at the same time. Some of the owner men were a little proud to be slaves to such cold and powerful masters. The owner men sat in the cars and explained. You know the land is poor. You’ve scrabbled at it long enough, God knows.

The squatting tenant men nodded and wondered and drew figures in the dust, and yes, they knew, God knows. If the dust only wouldn’t fly. If the top would only stay on the soil, it might not be so bad.

The owner men went on leading to their point: You know the land’s getting poorer. You know what cotton does to the land; robs it, sucks all the blood out of it.

The squatters nodded—they knew, God knew. If they could only rotate the crops they might pump blood back into the land.

Well, it’s too late. And the owner men explained the workings and the thinkings of the monster that was stronger than they were. A man can hold land if he can just eat and pay taxes; he can do that.

Yes, he can do that until his crops fail one day and he has to borrow money from the bank.

But—you see, a bank or a company can’t do that, because those creatures don’t breathe air, don’t eat side-meat. They breathe profits; they eat the interest on money. If they don’t get it, they die the way you die without air, without side-meat: It is a sad thing, but it is so. It is just so.

The squatting men raised their eyes to understand. Can’t we just hang on? Maybe the next year will be a good year. God knows how much cotton next year. And with all the wars—God knows what price cotton will bring. Don’t they make explosives out of cotton? And uniforms? Get enough wars and cotton’ll hit the ceiling. Next year, maybe. They looked up questioningly.

We can’t depend on it. The bank—the monster has to have profits all the time. It can’t wait. It’ll die. No, taxes go on. When the monster stops growing, it dies. It can’t stay one size.

Soft fingers began to tap the sill of the car window, and hard fingers tightened on the restless drawing sticks. In the doorways of the sun-beaten tenant houses, women sighed and then shifted feet so that the one that had been down was now on top, and the toes working. Dogs came sniffing near the owner cars and wetted on all four tires one after another. And chickens lay in the sunny dust and fluffed their feathers to get the cleansing dust down to the skin. In the little sties the pigs grunted inquiringly over the muddy remnants of the slops.

The squatting men looked down again. What do you want us to do? We can’t take less share of the crop—we’re half starved now. The kids are hungry all the time. We got no clothes, torn an’ ragged. If all the neighbors weren’t the same, we’d be ashamed to go to meeting.

And at last the owner men came to the point. The tenant system won’t work any more. One man on a tractor can take the place of twelve or fourteen families. Pay him a wage and take all the crop. We have to do it. We don’t like to do it. But the monster’s sick. Something’s happened to the monster.

[postieblueshirt]

If I had the money I’d being buying shares now.

https://www.parcelandpostaltechnologyin ... years.html

But if you had the money and any business accumin you wouldn't touch royal mail with a bloody bargepole.

So why is a billionaire wanting to buy it.

Rape and pillage most likely,asset rich company sell assets downsize streamline rebrand.Royal mail if my office is typical is not fit for purpose as it stands.If I had money which I don't unfortunately I wouldn't invest as the future is completely unclear.

[Barnacle]

5590074_orig.jpg

Well, it’s too late. And the owner men explained the workings and the thinkings of the monster that was stronger than they were. A man can hold land if he can just eat and pay taxes; he can do that.

And at last the owner men came to the point. The tenant system won’t work any more. One man on a tractor can take the place of twelve or fourteen families. Pay him a wage and take all the crop. We have to do it. We don’t like to do it. But the monster’s sick. Something’s happened to the monster.

The monster will never be satisfied. The only thing standing in the way of us and the monster is the USO.

Once that is reduced there will be massive job losses and it will be the beginning of a very swift end to having letters delivered to homes.

You’ll be picking letters and parcels up yourself. Kretinsky will have moved on to his next victim by that point, feeding his own monster.

Only then will the cheerleaders who hang on to the company’s every word will realise what they helped to destroy. They’ll miss it then.

[comeracing]

Whoever buys RM ,It will be asset stripped ,many offices will be sold off ,others will merge together over time, job losses will naturally occur , T & C Will only get worse , me like many others before and after will be going at 55 , I feel sorry for the younger ones who've only been at royal mail for a short period of time, my advice is look elsewhere at this rate there might not be a RM in 5 -10 years and if there is ,we'll you wouldn't be any worse off working in a factory.