RM workers will get 10% of privatised business

[POSTMAN]

Will parcelforce stay with RML?

Latest is the vultures are circling.

[meercat]

lol yeah defo. Infact they would be stupid to give everyone shares then get rid of all the saturday boys so like lt looks like there will be large lay-offs when we go to 5days a week delivery and those poor sods wont get a share to wipe their arses with.

[barbario]

If TNT buys into us,we are in real trouble. Look at what they have just done to their full time work force in Holland......Sacked them all .!

[TrueBlueTerrier]

Can they still give you the bullet if you where a shareholder???

Yes

The rights of a shareholder and an employee are different so yes I would GUESS they can dismiss you.

[hazzeem025]

If TNT buys into us,we are in real trouble. Look at what they have just done to their full time work force in Holland......Sacked them all .!

I don't think TNT have got any kind of money to put into Royal Mail, wouldn't they need a controlling stake in the newly privatised business to have a say in our contracts etc? Rm is worth £4bn, so TNT would have to stump at least £1.5bn-£2bn?? TNT are also massively loss making in Europe, isn't that why they just got shot of 15,000 people?

[maisymoo04]

av heard a rumour canadian post is sniffing round ,moya greens old haunt made profits of 900 million last year under hear,still have not seen hear yet is she nice haha

[TrueBlueTerrier]

av heard a rumour canadian post is sniffing round ,moya greens old haunt made profits of 900 million last year under hear,still have not seen hear yet is she nice haha

http://www.canadapost.ca/cpo/mc/aboutus ... report.jsf" onclick="window.open(this.href);return false;



The Canada Post Group:

* Canada Post recorded its 15th consecutive year of profitability despite sustaining one of the most challenging years in its history.
* The profit was due to two factors: an unplanned, non-cash reduction in employee future benefits expense, and stringent cost cutting efforts across the Corporation.
* Volumes in the core Canada Post segment dropped by almost 8% in 2009, wiping out close to five years of growth.
* Volumes in our transaction mail business continue to decline: transaction mail volume per address declined for the fourth straight year, and the rate of decline also increased for the fourth straight year.
* Consolidated revenue from operations reached $7,312 million, a decrease of $421 million, or 5.1% from 2008.
* Consolidated cost of operations for fiscal 2009 totalled $6, 955 million, a decrease of $639 million from the $7,594 million recorded in the previous year.
* Consolidated net income for the fiscal period ended December 31, 2009 was $281 million, an increase of $191 million from the previous year. This performance reflects the cost containment measures and the unplanned non-cash reduction in employee future benefits expense for the Canada Post segment.
* The Canada Post Group delivered approximately 11 billion pieces of mail to 15 million residential and business addresses.
* With approximately 71, 000 employees, The Canada Post Group is one of the largest employers in Canada.
* The Canada Post Group spends approximately $3 billion annually on goods and services, thereby supporting an additional 30,000 jobs in the Canadian economy.


Segmented Highlights
Canada Post

* Canada Post's revenue from operations decreased from $6.1 billion in 2008 to $5.8 billion in 2009, a decrease of $268 million.
* Volumes declined in all three lines of business: (4.2)% in Transaction Mail, (6.9)% in Parcels and (10.9)% in Direct Marketing
* Revenues totalled $3.1 billion in Transaction Mail (down $86 million from 2008), $1.3 billion in Parcels (down $43 million) and $1.3 billion in Direct Marketing (down $123 million).
* Canada Post's income before taxes was $319 million for 2009, an increase of $253 million from the previous year. The negative pressure on revenue growth was mitigated by cost containment and operational efficiencies along with an unplanned non-cash reduction in employee future benefits expense.
* Canada Post did not pay a dividend to the Government of Canada in 2009 due to the company’s financial challenges and the need for significant capital reinvestment to modernize the postal system.
* On-time service performance exceeded corporate targets in all three lines of business.
* The number of lost-time workplace accidents fell by 22 per cent from 2008 and the company reported its highest ever employee engagement score.
* Canada Post was named as one of the Top 100 Employers in Canada for a fourth consecutive year in Maclean’s magazine. Canada Post was also named the Most Iconic Brand in Canada in a survey by Brand Finance Canada.
* In 2009 Canada Post raised $1.6 million for mental health, the company’s cause of choice, and distributed $1 million to community organizations across the country raised in 2008. The Corporation also supported literacy, the Canada Post Canadian Freestyle Ski team and the United Way.

Current exchange $281 000 000 Canadian dollars = £172,730,439 British pounds - nt quite 900,000,000

[maisymoo04]

well done boss so the rumour was wrong then ha intresting reading tho mmm