I suspect less people are using their services as from my experience they’ve become incredibly unreliable (ignoring the strikes which is different).
Pretty worrying stuff.
A good old fashioned strike should sort out those losses
At it’s core the Royal Mail Group is comprised of two parts.
It’s General Logistics Systems which I think was rebranded recently that does international parcel delivery, and “royal mail”. And it’s a group of two tales, the GLS part is making money and overall efficient and unencumbered by outside influences.
The royal mail part is losing money, it’s a gigantic behemoth that is sluggish, inefficient and has certain requirements which hinders profitability, and in a area that has seen downturn in it’s core practice of letter volumes.
RMG will split the two businesses, which will leave royal mail part even worse off.
Management at royal mail, I think are forced to go down this route because CWU believe that just because the group is making money, then they can use that to demand better terms for their workers without anything in return/nothing meaningful. Unfortunately the group is making money despite of royal mail business, not because of it.
It’s a public service. It doesn’t lose money, it costs money.
If there’s no Royal Mail there’s no postal service for less-populated areas.
Unfortunately the business has continued to raise prices while running a terrible service, one month 10% of our parcels were lost or destroyed on arrival and all they would give us is stamps which we don’t even use. This plus the strikes has made it near impossible to run a postal based business. Which is causing many business owners to use other services.
The business is screwed less staff means a worse service. Increased wages means a more expensive service. More strikes will only make it worse.
I don’t expect the business to survive much longer.
The recent strikes had a terrible impact on people I know who use Royal Mail for business purposes. Complaints from customers for delays and a running theme of “Amazon could deliver”.
Going to be a tough Christmas period for traders with the planned strikes yet to come.
If only we could figure out what the common theme is over the last 10 years where our national services have all fallen apart.
So this is dirty tactics to stop strikes? Because last we heard they had made 726m in profits. They’re only making losses due to industrial action, which is easily ended by not being greedy bastards who distribute profit to shareholders and high paid CEOs, and agreeing a pay rise.
Don’t worry their ceo’s are still living it up in mansions and fancy yachts, always enough for those.
So the CWU and Post office back in talks then royal mail come out with this blackmail strike breaking statement, it’s obvious the new owners want to destroy royal mail.
This is good. If there’s one thing we all know about the Post Office it’s that it’s *too* efficient. Need to slow these guys down – I’m so fed up of getting my packages early or on time. Finally! A solution.
Royal mail is doing its best to break these strikes and it would not surprise me one bit if these losses are real. I work for them and they are in the process of renovating my workplace and bringing in dozens of agency workers every day (never the same faces either). We can’t clear our office on a daily basis due to a lack of trained staff, managers give zero fucks either, they’re out the building early every day with zero consequences.
550m given to shareholders who bring nothing to the service and the xmas period where RM makes most of its money hasn’t even begun yet. RM even decided when the strikes were announced to PAY evri/dpd to take our workloads! What ceo makes that decision?
20 years service and I’m retraining so that I can leave the company in a few months, I’ve no doubt there will be people working for them doing the same as me. I hope the union wins because the alternative is far, far worse for everyone else.
Not really been in private hands all that long, has it? Yet another ringing endorsement for selling of our public sectors.
They’re not “losses”. We pay for a service and get the service.
I hate framing everything that doesn’t generate money as a “loss”. It’s not supposed to generate money.
Buy a thing. Get the thing.
I’ll be honest I just use Evri/Hermes for all my ebay shit now, because I drop parcels off at like 9pm at the newsagent. Having to work around post office hours or someone coming to collect the parcel at a specific time is pointless for me.
Do you want further strikes? Because this is how you get them.
They basically paid all this “loss” out as massive dividends to shareholders.
The name has also been changed on the shares from Royal Mail to International Distributions Services plc
Then a few fake comments on the DM website and reddit that “they only have themselves to blame”, “you could not make this up” about the strike action and “public opinion is totally changed”.
That’s the end of that institution.
It’s almost as if something like a postal service can’t ever really be run as a private entity…
ALL business that should be considered essential to national security and essential to everyday life should be nationalised.
No shareholder payouts, all profits put back into the business. Royal Mail or any other nationally essential infrastructure should never be operated at a profit because that “profit” is investment not a holiday to the Seychelles, a skiing holiday to Switzerland or another property to a portfolio.
Privatisation is once again failing.
Losses rising but paying scab managers bonuses of over a grand a week.
Losses rising but paying millions to Hermes to deliver shit they can’t because they are short staffed.
Possess rising but payout out 400 million to shareholders.
I smell shite.
I no longer buy a present locally and post it to family elsewhere in the Uk.It’s way too expensive.
Now buy online and have it sent to the address I want it for.
Part of the problem maybe but I have a very limited amount of cash to spend.
Do we need to move to a more realistic European model of collection boxes rather than delivery to every door?
It is nice but I don’t feel it’s necessary anymore and costs too much money.
£748m profit made last year. Paid out over £500m to shareholders and spunked the rest on idiotic gimmicks.
Royal Mail – “hOw CoUlD tHe wOrKeRs dO tHiS tO uS”
Near where I live, Amazon have literally created a new bus route and re-routed others with their new factory. I think it’s likely they have some impact on this.
Definitely nothing to do with the workers going on strike.
perhaps a 500 year old delivery and logistics company should deliver more than just the post then. Try delivering other items such as food, or groceries.
I’m not an expert but they need to become more competitive.
We’re moving to a “green” future and a lot of paper letters can be sent electronically now. Eventually we’ll reach a point where letters are not a thing and it will all be electronic. This means the Royal Mail will lose a vast portion of their business with only the parcel service remaining. Royal Mail needs to reorganize their business to be competitive on the parcel front and increase the cost of sending letters for businesses as that’s where I imagine they’re bleeding money from.
Who knows, in 20 years time your post box may be digital where you log onto a website to check your mail. This sounds like an email service but it would be less personal as every house may have an “account” (perhaps authenticated via a small handheld device only tenants have access to which serves as a one time passcode type of thing). From here, businesses can send letters to your “house”.
* It would be different to email providers as the account would be per household and not per person.
*’In its financial statement for 2021-22, Royal Mail reports group revenues up by 0.6% and adjusted operating profit up by 8% to £758 million*
*Royal Mail’s domestic operations saw profits up by 20.9% to £416 million’*
Didn’t they just give their shareholders a nice bonus 🤔 funny they have the cash for that but not to pay their staff correctly. Absolutely selfish greedy fuckers.
So sad to see all these (often unique) institutions and services, that have been built up over decades (even centuries) slowly being stripped away. They’re big parts of our country’s heritage and worth protecting.
I work in a post office (which sells royal mail services, but we are completely independant as a business) and most customers coming in on strike days are neutral or supportive of the workers striking. A few are annoyed because it means delays (oh no, that coat you are returning to asos will have to wait a day or 2 longer).
Only had 1 person be actually angry though, he was ranting about how posties make more money than most people and he doesnt get his post until midday so they dont deserve more money or better working conditions.
I did point out the literal seven hundreds and fifty million pounds the company had in net profit just last year while postal workers received below inflation pay increases.
I know we can be all guilty of being jealous of other people having success at times, but to actively hate working class people being on strike while the owners sit on such vast profits i just do not understand.
they really should not have said that, their Christmas staff, will know that working during a strike, wont get them a job now.
Its common now to blame anyone who wants positive change for any negative change. Saw a similar thing from the MET comissioner complaining about how many resource’s they need to dedicate to environmental protests – as if that means the protests should stop.
The bad behaviour that is causing the issue doesn’t ever need to stop. Oh no, thats fine. Keep withholding proper pay and working conditions in the chase for profits, thats not the problem. The problem is you trying to change it!
This country is dying, and anyone who wants to save it, is being blamed for destroying it. Meanwhile the destroyers get away with it.
Is a postal service, why should it have to be profit driven? It’s a fucking public service.
So I just spoke with a Royal Mail driver who has been with them for over 20 years. They said the “targets” set by the company weren’t met, yet the CEO awarded themself a nice bonus. The worker said what many others have. They will fire a bunch of striking staff and re-hire on Royal Mails terms which includes a flexible rota (something they tried getting current staff on to but most declined). Absolute greedy bastards!
£400 million in dividend payouts and share buybacks from January of this year, yet crying poverty
🤔
Shareholders and top execs still raking in the money though. Might want to look at their “wages” a bit closer.
37 comments
I suspect less people are using their services as from my experience they’ve become incredibly unreliable (ignoring the strikes which is different).
Pretty worrying stuff.
A good old fashioned strike should sort out those losses
At it’s core the Royal Mail Group is comprised of two parts.
It’s General Logistics Systems which I think was rebranded recently that does international parcel delivery, and “royal mail”. And it’s a group of two tales, the GLS part is making money and overall efficient and unencumbered by outside influences.
The royal mail part is losing money, it’s a gigantic behemoth that is sluggish, inefficient and has certain requirements which hinders profitability, and in a area that has seen downturn in it’s core practice of letter volumes.
RMG will split the two businesses, which will leave royal mail part even worse off.
Management at royal mail, I think are forced to go down this route because CWU believe that just because the group is making money, then they can use that to demand better terms for their workers without anything in return/nothing meaningful. Unfortunately the group is making money despite of royal mail business, not because of it.
It’s a public service. It doesn’t lose money, it costs money.
If there’s no Royal Mail there’s no postal service for less-populated areas.
Unfortunately the business has continued to raise prices while running a terrible service, one month 10% of our parcels were lost or destroyed on arrival and all they would give us is stamps which we don’t even use. This plus the strikes has made it near impossible to run a postal based business. Which is causing many business owners to use other services.
The business is screwed less staff means a worse service. Increased wages means a more expensive service. More strikes will only make it worse.
I don’t expect the business to survive much longer.
The recent strikes had a terrible impact on people I know who use Royal Mail for business purposes. Complaints from customers for delays and a running theme of “Amazon could deliver”.
Going to be a tough Christmas period for traders with the planned strikes yet to come.
If only we could figure out what the common theme is over the last 10 years where our national services have all fallen apart.
So this is dirty tactics to stop strikes? Because last we heard they had made 726m in profits. They’re only making losses due to industrial action, which is easily ended by not being greedy bastards who distribute profit to shareholders and high paid CEOs, and agreeing a pay rise.
Don’t worry their ceo’s are still living it up in mansions and fancy yachts, always enough for those.
So the CWU and Post office back in talks then royal mail come out with this blackmail strike breaking statement, it’s obvious the new owners want to destroy royal mail.
This is good. If there’s one thing we all know about the Post Office it’s that it’s *too* efficient. Need to slow these guys down – I’m so fed up of getting my packages early or on time. Finally! A solution.
Royal mail is doing its best to break these strikes and it would not surprise me one bit if these losses are real. I work for them and they are in the process of renovating my workplace and bringing in dozens of agency workers every day (never the same faces either). We can’t clear our office on a daily basis due to a lack of trained staff, managers give zero fucks either, they’re out the building early every day with zero consequences.
550m given to shareholders who bring nothing to the service and the xmas period where RM makes most of its money hasn’t even begun yet. RM even decided when the strikes were announced to PAY evri/dpd to take our workloads! What ceo makes that decision?
20 years service and I’m retraining so that I can leave the company in a few months, I’ve no doubt there will be people working for them doing the same as me. I hope the union wins because the alternative is far, far worse for everyone else.
Not really been in private hands all that long, has it? Yet another ringing endorsement for selling of our public sectors.
They’re not “losses”. We pay for a service and get the service.
I hate framing everything that doesn’t generate money as a “loss”. It’s not supposed to generate money.
Buy a thing. Get the thing.
I’ll be honest I just use Evri/Hermes for all my ebay shit now, because I drop parcels off at like 9pm at the newsagent. Having to work around post office hours or someone coming to collect the parcel at a specific time is pointless for me.
Do you want further strikes? Because this is how you get them.
They basically paid all this “loss” out as massive dividends to shareholders.
The name has also been changed on the shares from Royal Mail to International Distributions Services plc
Then a few fake comments on the DM website and reddit that “they only have themselves to blame”, “you could not make this up” about the strike action and “public opinion is totally changed”.
That’s the end of that institution.
It’s almost as if something like a postal service can’t ever really be run as a private entity…
ALL business that should be considered essential to national security and essential to everyday life should be nationalised.
No shareholder payouts, all profits put back into the business. Royal Mail or any other nationally essential infrastructure should never be operated at a profit because that “profit” is investment not a holiday to the Seychelles, a skiing holiday to Switzerland or another property to a portfolio.
Privatisation is once again failing.
Losses rising but paying scab managers bonuses of over a grand a week.
Losses rising but paying millions to Hermes to deliver shit they can’t because they are short staffed.
Possess rising but payout out 400 million to shareholders.
I smell shite.
I no longer buy a present locally and post it to family elsewhere in the Uk.It’s way too expensive.
Now buy online and have it sent to the address I want it for.
Part of the problem maybe but I have a very limited amount of cash to spend.
Do we need to move to a more realistic European model of collection boxes rather than delivery to every door?
It is nice but I don’t feel it’s necessary anymore and costs too much money.
£748m profit made last year. Paid out over £500m to shareholders and spunked the rest on idiotic gimmicks.
Royal Mail – “hOw CoUlD tHe wOrKeRs dO tHiS tO uS”
Near where I live, Amazon have literally created a new bus route and re-routed others with their new factory. I think it’s likely they have some impact on this.
Definitely nothing to do with the workers going on strike.
perhaps a 500 year old delivery and logistics company should deliver more than just the post then. Try delivering other items such as food, or groceries.
I’m not an expert but they need to become more competitive.
We’re moving to a “green” future and a lot of paper letters can be sent electronically now. Eventually we’ll reach a point where letters are not a thing and it will all be electronic. This means the Royal Mail will lose a vast portion of their business with only the parcel service remaining. Royal Mail needs to reorganize their business to be competitive on the parcel front and increase the cost of sending letters for businesses as that’s where I imagine they’re bleeding money from.
Who knows, in 20 years time your post box may be digital where you log onto a website to check your mail. This sounds like an email service but it would be less personal as every house may have an “account” (perhaps authenticated via a small handheld device only tenants have access to which serves as a one time passcode type of thing). From here, businesses can send letters to your “house”.
* It would be different to email providers as the account would be per household and not per person.
*’In its financial statement for 2021-22, Royal Mail reports group revenues up by 0.6% and adjusted operating profit up by 8% to £758 million*
*Royal Mail’s domestic operations saw profits up by 20.9% to £416 million’*
[https://apex-insight.com/royal-mail-full-year-profits-up-revenues-steady/](https://apex-insight.com/royal-mail-full-year-profits-up-revenues-steady/)
Didn’t they just give their shareholders a nice bonus 🤔 funny they have the cash for that but not to pay their staff correctly. Absolutely selfish greedy fuckers.
So sad to see all these (often unique) institutions and services, that have been built up over decades (even centuries) slowly being stripped away. They’re big parts of our country’s heritage and worth protecting.
I work in a post office (which sells royal mail services, but we are completely independant as a business) and most customers coming in on strike days are neutral or supportive of the workers striking. A few are annoyed because it means delays (oh no, that coat you are returning to asos will have to wait a day or 2 longer).
Only had 1 person be actually angry though, he was ranting about how posties make more money than most people and he doesnt get his post until midday so they dont deserve more money or better working conditions.
I did point out the literal seven hundreds and fifty million pounds the company had in net profit just last year while postal workers received below inflation pay increases.
I know we can be all guilty of being jealous of other people having success at times, but to actively hate working class people being on strike while the owners sit on such vast profits i just do not understand.
they really should not have said that, their Christmas staff, will know that working during a strike, wont get them a job now.
Its common now to blame anyone who wants positive change for any negative change. Saw a similar thing from the MET comissioner complaining about how many resource’s they need to dedicate to environmental protests – as if that means the protests should stop.
The bad behaviour that is causing the issue doesn’t ever need to stop. Oh no, thats fine. Keep withholding proper pay and working conditions in the chase for profits, thats not the problem. The problem is you trying to change it!
This country is dying, and anyone who wants to save it, is being blamed for destroying it. Meanwhile the destroyers get away with it.
Is a postal service, why should it have to be profit driven? It’s a fucking public service.
So I just spoke with a Royal Mail driver who has been with them for over 20 years. They said the “targets” set by the company weren’t met, yet the CEO awarded themself a nice bonus. The worker said what many others have. They will fire a bunch of striking staff and re-hire on Royal Mails terms which includes a flexible rota (something they tried getting current staff on to but most declined). Absolute greedy bastards!
£400 million in dividend payouts and share buybacks from January of this year, yet crying poverty
🤔
Shareholders and top execs still raking in the money though. Might want to look at their “wages” a bit closer.