International Distributi... Share Discussion Threads

[careful] 28/11/2022 08:56

So many unions asking for unrealistic pay rises.

Employers and HMG must hold the line.
Captulation to one group will encourage the others.

Sick of hearing about nurses so poor they are going to food banks.
Some senior nurses are paid in excess of £55000.
Only youngsters starting out are on lower pay, as is the way with most recently qualified people in most occupations.

Train drivers on £60K.
And they have good pensions.

Posties do quite well for the work they do.t The offer is fair, generous even.
The issue is changing working practices and the management taking more control from the unions.

[blackhorse23] 24/11/2022 10:53

Shifted to CURY (LSE) , IDS will not make any profit until another 2 years , 450m loss predicted this year

[tuftymatt] 24/11/2022 09:08

It's all heading for a break up in my opinion.

I am not going to comment on the details of the pay offer etc but can only see this ending one way if something isn't sorted in 2022.

[casholaa] 23/11/2022 17:44

The Tooting Popular Front are taking the pee now. There a 4m households on prepayment meters waiting for their energy vouchers. Heat or eat or neither heat nor eat until the postman delivers.

[geckotheglorious] 23/11/2022 16:24

Strikes are on it seems!

[tuftymatt] 23/11/2022 14:06

I personally think the share price reaction is another shake out.

The value here is in the split and if the deal is rejected then in 2023 that split will start to happen. The UK business can be turned around but if it is dead in the water then the major shareholders will push for a break up to release their money and turn a profit from GLS.

[coxsmn] 23/11/2022 13:46

The demise of Royal mail is in the hands of the Unions

Business losing 1M a day.

9% pay rise over 18 months expected to be rejected. More strikes more chaos.

[casholaa] 22/11/2022 18:14

I hope the CO has the good sense to communicate with the CWU via letter instead of email

[cwa1] 22/11/2022 13:10

* ROYAL MAIL SPOKESMAN: CWU SHARED ITS ALTERNATIVE PROPOSALS
WHICH CO IS REVIEWING AND EXPECT TO GET ROUND THE TABLE TO DISCUSS
AGAIN ON TUESDAY

[yieldmonkey] 21/11/2022 10:10

As an aside, I notice that in our online retail business sales of (small packets) items via ebay are down circa 30-50% YOY versus the identical items on Amazon where sales are up. So it looks like customers are trying to to switch to non-RM delivery options.

So presumably it is the same picture for hundreds of thousands of small and medium sized businesses over the country - many, indeed most, of these dont sell on Amazon so will be feeling a lot of pain.

Only so much pain you can take before resentment builds, loss of any sympathy for the RM workers and a desire for radical action to lance this long running hindrance to the UK economy!

[not my real name] 21/11/2022 01:16

MickinVest,

There is no chance of depots collapsing under backlog volumes. Procedures have been put in place to minimise the disruption during strikes and these are working well at the moment.

I find the most ironic thing is that Royal Mail say they are losing £1m a day and to try to win their argument the staff go on strike and give up well in excess of £1m a day in wages, then go to work after the strike and clear the backlog within the next two days for no extra pay! I have tried to explain this to my colleagues (I work as a sub-contractor to RM) but they think the Union know what they are doing. Really????

NMRN

[casholaa] 20/11/2022 21:25

The staff sound incapable to me, more automation and staff with a different work ethic may help things along.

[mickinvest] 20/11/2022 20:23

Looks like all out war next week, most depots will Collapse under backlog volumes by end of month after 4 days of strikes and black Friday parcels.

[lefrene] 20/11/2022 17:49

The only thing that makes commercial sense is to seperate 'Royal Mail' from the rest of the business and just let the Royal Mail sink. Only then will something be done.
The civil service mentality of the management ranks will ensure their redundancy, and then perhaps it will be sold off to an entity that will run it like an actual business, instead of some sort of 'natuonal tresure' that belongs in the era of an Empire that was thrown away over half a century agao.

[isis] 19/11/2022 21:24

I even asked him how many letters a Week he got himself and he said virtually none!
Laughable!

[isis] 19/11/2022 20:59

Many of the Posties I talk too are extremely militant and won't listen. They do not believe GLS is a seperate entity or care if a business makes a loss. So much so I pretended I didn't have any shares as the person I was talking to was gonna turn violent.
I have no idea why they employ these people - they are Neanderthals!

[yieldmonkey] 18/11/2022 16:44

@spob I think you are right. Looks like that since privatisation the contributions have been towards a money-purchase scheme. The poor old tax payer is carrying the £50bn can for the old scheme

[tuftymatt] 18/11/2022 15:57

It's a no brainer in my mind.

Shareholders will get the GLS "value" and the UK government will take on the rest. Shame as I would sooner it stayed together and operated successfully but if it can't then so be it.

[prokartace] 18/11/2022 15:05

This from today:
Hargreaves: IDS inches closer to Royal Mail split
Royal Mail owner International Distribution Services (IDS) will not pay an interim dividend as it struggles with a near-£60m loss, which Hargreaves Lansdown says could catalyse a split in the group.

IDS saw half-year revenue fall 3.9% to £5.8m, driven by a 10.5% drop in Royal Mail revenue that was only partially offset by a 9.5% rise in revenues at European parcels division GLS. After reporting an operating loss of £57m, the board decided not to pay an interim dividend. The shares closed slightly down at 239.5p.

Analyst Matt Britzman said the new name ‘hasn’t made old problems go away’, and the group still faces union battles over pay, costly strikes, and declines in letters and parcels, which has left it looking to make as many as 6,000 workers redundant.

‘Royal Mail will no doubt capture headlines, it’s important to remember IDS has another business in GLS,’ he said.

‘The global courier business is a chalk and cheese comparison to Royal Mail – GLS is profitable, and growing revenue. It remains to be seen how long IDS is happy to let GLS pick up the slack from Royal Mail, management have again suggested that a split is on the cards depending on the direction of travel at Royal Mail.’

[tuftymatt] 18/11/2022 14:22

For me it's a rebound off the dip on results and the fact many are anticipating a split in the business next year.

[gilesy911] 18/11/2022 14:20

Why the big rise today ?