£278m profits!!

[TopperGas]

https://www.independent.co.uk/news/busi ... 17624.html

I thought RM were on the verge of bankruptcy??

[Valentina@1]

Wasn’t we promised 20% from a previous “deal”?

[mr hil.]

20% of Royal Mail profits of £12 million equals about £20 each (if we still have 125,000 staff)

[TopperGas]

20% of Royal Mail profits of £12 million equals about £20 each (if we still have 125,000 staff)

I overlooked the £278 was IDS' overall profits, the £12m profits made by RM just highlights how difficult it will be to make RM really profitable, I'd be surprised if it can afford to hand out the pay increases etc to new starters the CWU is claiming they will be getting.

The 6% increase in parcel volumes supports the view we've been lot busier delivering parcels in the last year.

[qwerty2]

20% of Royal Mail profits of £12 million equals about £20 each (if we still have 125,000 staff)

I overlooked the £278 was IDS' overall profits, the £12m profits made by RM just highlights how difficult it will be to make RM really profitable, I'd be surprised if it can afford to hand out the pay increases etc to new starters the CWU is claiming they will be getting.

The 6% increase in parcel volumes supports the view we've been lot busier delivering parcels in the last year.

They made a loss if you include redundancies
But what redundancies are those??

[TopperGas]

20% of Royal Mail profits of £12 million equals about £20 each (if we still have 125,000 staff)

I overlooked the £278 was IDS' overall profits, the £12m profits made by RM just highlights how difficult it will be to make RM really profitable, I'd be surprised if it can afford to hand out the pay increases etc to new starters the CWU is claiming they will be getting.

The 6% increase in parcel volumes supports the view we've been lot busier delivering parcels in the last year.

They made a loss if you include redundancies
But what redundancies are those??

I was wondering who they were, what was the total cost, £20M, that could be 1,000+ employees?