Royal Mail chief Rico Back quits 'with immediate effect'

[Sugar]

In a statement, Mr Back said: "I look forward to seeing Royal Mail transform into a parcels-led, international delivery company,

Looks like nothing's going to change and he's, in-effect, already put in place what the next person into the job is going to do. Expect the union table thumpers to come out claiming an epic victory and then watch RM's new CEO screw them all over like they always do.

[1560loopsayear]

In my next life I'll get bucket loads of money for doing absolutely sweet FA like Mr Rico Back... in the meantime I'll keep trudging the streets with heavyweight bag on my shoulder and shorten my physical enjoyment of retirement when that time comes.

[hero22]

In my next life I'll get bucket loads of money for doing absolutely sweet FA like Mr Rico Back... in the meantime I'll keep trudging the streets with heavyweight bag on my shoulder and shorten my physical enjoyment of retirement when that time comes.

You could use a trolley

[Janet Brum]

So glad he's gone,what did worry me today was the CWU statement,they seemed quite pleased they secured a one time payment of a £200 bonus, 3 weeks at xmas we get £200 bonus , 8 weeks with twice as many parcels and working twice as hard under unsafe conditions for me it should be £200 a month for as long as this continues,letters might have lost 22 million but i'd love to see how much they are making from parcels.Just remember supermarkets are giving their employees 10% on top of their hourly rate which they review each month for as long as covid is on going. The top team in the CWU have been lacking for a long time ,Royal Mail have been rolling them over for the last couple of years. Just unhappy tonight they way posties are thought so little of.

All the info here: https://www.royalmailchat.co.uk/communi ... 18&t=96018" onclick="window.open(this.href);return false;

· Liquidity position remains strong. Total liquidity (including undrawn facilities) around £1.8 billion. The Group has the ability to access the Covid Corporate Financing Facility (CCFF), if required.

[Celgar]

I think the temporary guy will make Rico look like Andy Pandy. The union are ineffective and we will get walked over. New guy has a similar reputation if not worse than Rico Back in terms of how he views the workforce.