International Distributi... Share Discussion Threads

[encarter] 04/6/2023 07:03

Soon to change if the latest deal goes through.

[lennonsalive] 04/6/2023 01:55

Must be loads of people with stamps and no barcodes, that don't get them swapped or you use them or lose em!

[lennonsalive] 04/6/2023 01:54

Isn't the stamp swap just a way of cancelling millions of pounds worth stamps that people own. I'll give you an example. All those worthless Royal Mail collection packs, you know the ones that cost ££ but are only worth the face value of the stamps. Won't be worth anything after July

[tuftymatt] 30/5/2023 10:33

🤞🏻

[encarter] 30/5/2023 08:54

Looks like we've seen the bottom. Meeting today, so hopefully they can get the ballot back on track and get this dispute resolved.

[tuftymatt] 28/5/2023 21:34

Thanks encarter.

Interesting to read his thoughts on the possible split 👍🏻

[encarter] 28/5/2023 21:31

From LSE.Kretinsky makes clear he has no intention of bidding for Royal Mail, where his Vesa Equity vehicle owns more than 25 per cent, or Sainsbury's, where it has 10 per cent. "We are interested to see whether a company has the capability to generate sufficient free cashflows, which means you create economic value," he says. "There may be companies where you can be a happy 10 per cent shareholder for 20 years."................On Royal Mail, he is explicit about the benefits of a stock market quote. "For multiple reasons - the heritage, the spirit of the company - it's good if every British citizen can invest in the shares," Kretinsky says. And he doesn't believe that splitting the profitable GLS from the troubled core business would be a good idea. "The money that Royal Mail would lose if it doesn't adapt itself to the new reality is much greater than anything GLS can ever earn," he says. "It's very simple: both Royal Mail and GLS have to be successful companies."Royal Mail is edging towards a deal on pay and conditions with the Communication Workers Union (CWU) after a series of damaging strikes that pushed International Distributions Services, its parent company, to a £748 million loss last year.Letter volumes have declined by two-thirds since their peak in 2004-5. Kretinsky says it seems the CWU understands the need to modernise. He hopes that, in time, Royal Mail will be able to offer more targeted time slots for parcel deliveries, and pick up e-commerce returns on the doorstep. "The network brings very strong competitive advantages, but the company has to reflect that fundamental change," he says.

[tuftymatt] 28/5/2023 19:50

Has anyone read the piece in the Times today about DK / IDS?

If anyone has a summary of it would be welcome 👍🏻

[casholaa] 26/5/2023 14:54

Careful, the uniots are it again.

[volsung] 26/5/2023 08:14

Time to buy a few more of these

[isis] 25/5/2023 15:54

That sounds about right.

[encarter] 25/5/2023 14:56

Getting even more complicated than ever now. I think they struck a deal then had so much flak from members that they were looking for an excuse to backtrack. Management must push on with modernization and absorb any more strikes, no other option. No sure what happens if they continue to lose money at the rate that they have though.

[casholaa] 25/5/2023 09:39

I'm sat on a loss too.

[tuftymatt] 25/5/2023 08:07

So frustrating as I finally thought this was going to turn around somewhat 😩

I think the break up talks will start soon as this can't go on as it's now clear there will always be something used to disrupt the company.

Good luck all and I think we are going to need it 👍🏻

[isis] 24/5/2023 22:39

I think they planned this. They held back the Ballot already whilst the stirring went on. I'd love to sack the lot of them - Militant Unions really don't have a place in the modern World,

[casholaa] 24/5/2023 16:51

Well there you have it. The CWU are the boss, in which case, the CWU should be paying the posties wages instead of IDS.

[not my real name] 24/5/2023 16:45

CWU don't agree with the agreement they just agreed to and have suspended the ballot until the company agrees to re-negotiate the agreement they just agreed to so that agreement can be agreed on a new agreement.

I think I've summed it up.

NMRN

[isis] 24/5/2023 14:18

To be fair if the average Postal Worker were that bright they wouldn't be working there would they?
They're just being used as Cannon Fodder for the ultra Left.

[casholaa] 24/5/2023 13:54

Nahhhh Labour would make it more sellable by shortening that to International Social Mail -they like ism's

[nakedmolerat] 24/5/2023 13:47

time to strip off the name royal and replace it with socialist mail

[isis] 24/5/2023 13:11

I see the Socialist Worker is stirring it up nicely these past few Weeks. I think they all watch Citizen Smith with their DM's on and a Rolled up Newspaper!!

[encarter] 24/5/2023 12:57

Vote has been postponed. More trouble at mill.