Royal Mail Share Discussion Threads

[careful] 01/9/2022 15:25

USA will go.
as outdated as flared trousers.

[encarter] 01/9/2022 15:18

The USO is set in stone.

[lefrene] 01/9/2022 13:55

The entire management need to go, their civil service ethos cripples the company, and these old dogs won't be for learning new tricks. A PE buy out would put a broom through the whole thing, and no doubt would start using 'green' excuses to reduce the number of mail deliveries to three times a week in cities and twice a week in the sticks.

The Parcel Force operation is already pretty efficient, although no doubt there is room for improvement. I identified 12 ways of saving money on the heavy transport side of things.

[freedomexpress747] 31/8/2022 12:47

Not a holder, but would like to be!New PM coming in, get some blue sky thinkers in (happy to volunteer!), and then get some beer & sandwiches in for a round the table 'vision' meeting. Not PE please, but agree a Realistic Return on Equity, long term employee incentives, get rid of all previous Arthur Scargill type union veto agreements, link management incentives to real improvements etc. Surely, not beyond the wit of man or women (Liz are you listening!!)

[spob] 31/8/2022 12:35

And why would anyone want to buy out RMG

because it ALREADY IS, A MONEY MAKING MACHINE

And the land and assets held are worth BILLIONS

[garth] 31/8/2022 12:31

Union head on the lunchtime news suggesting that management are in discussions with private equity for a buy out - and that its that driving their current stance.

G.

[spob] 31/8/2022 12:21

Don't beleive these losses to be honest

I think managers use this as a negotiating tactic with unions, as they have done in the past

[tuftymatt] 31/8/2022 12:05

It was a million a day pre strike of losses so it's bound to be climbing.
The lost revenue from just the companies I know about that normally use them is huge!!

[coxsmn] 31/8/2022 11:27

Rmg striking today.I expect it could result in job losses if this continues.

[tuftymatt] 30/8/2022 08:14

Good to see this climbing at the moment and let's hope it lasts!!
315 would see me out of this as it's not been a great 6 months since I first got in. I know many are far worse having held for longer and I would like to have more confidence but don't now. Yes I could average down again into this current bit of strength but we have seen these false dawns before.
GLAH

[encarter] 30/8/2022 07:57

A solution to the loss making letter side would be to abolish DSA and return the monopoly to RM, which would be possible now that we are out of the EU and the CWU would support it. Letters would then become a profitable business.

[lefrene] 29/8/2022 16:25

If it were allowed to be run as a real world business the potential is huge, and I guess that's why the billionaire has (or is?) aiming for a 25% stake. Push for a seat on the Board, remove the deadwood, and persuade the government that for reasons of 'green' it's antisocial to run empty vans all over the place every day, when two or three mail deliveries a week would work very well. Then you've got a money machine.

Some of the mail men could be moved to the Parcel Force side of things, as a sop to the Unions to avoid immediate large scale redundancies.

[careful] 29/8/2022 12:56

Good article in todays Telegraph.
Great potential vs Present risks.
Need for reform etc;

They seem to think it could be a target.

[coxsmn] 29/8/2022 11:15

Reality check for the Unions demanding double digit pay rises"The business lost £92m in the first quarter of this year, with revenues falling by 11pc, as the Covid boom in deliveries ran out of steam."

[careful] 28/8/2022 14:53

I believe the problem here is the agreement signed by Moya Green and Vince Cable at the point of privatisation.

I was reading parts of it the other day, if I had done that earlier I would never have invested.
A crazy surrender document that conceded every demand of the CWU with much more beside.
If it was never changed RMG will die over the coming years.

The management wish to tear this crazy agreement up, and there is a legal way out according to many.

Boris, Brexit, Lockdown and applying sanctions on Russia.
The UK seems to be committing economic suicide.

Maybe this is the bottom, we could be at a turning point.

[lefrene] 28/8/2022 14:36

Royal Mail is one of those political 'holy cows', but it could fixed in very short order by tailoring the activities of the posties to the actual volume of mail that needs delivering. The French sorted it decades ago for their rural deliveries. The postie is self employed, he provides his own van and fuel, and he can decide whether it's worth doing a mail run or not, just so long as he doesn't delay for more than a week. I found this out 30 year ago when I owned some property in Brittany. No one complained, the system worked, it just took a little longer for the water or electricity bill to arrive.

I suspect the billionaire building up his holding is doing so in expectation of getting to a position where he can push through some common sense changes, and what better fashionable excuse than cutting down on pollution. All the miles saved on those tens of thousands of vans. (RMG operate 44,000 vehicles). The savings from cutting out 35% of those would be huge.

It's such an easy fix. Let natural wastage take care of the excess workers, and one could afford better pay for those who remain. A bunch of Girl Guides could turn RMG around if a bit of common sense were let in.

[diku] 28/8/2022 13:04

Because the HRH logo on the vans...

[isis] 28/8/2022 12:58

Parcels should and are delivered daily - that part is growing but as we all know Letters have shrunk enormously.
Something has to give somewhere - it is unprofitable and unsustainable as it stands. Don't forget this a business not a Charity. It is not Government funded - although the Posties think it is!

[diku] 28/8/2022 12:10

Then there is always the issue of letters/parcels sitting in the depot for few days occupying space...can get messy...currently it gets cleared out on daily basis...

[isis] 28/8/2022 11:51

They've been using those trollies where I am for years now. They also use Cars and Vans, park up and do deliveries and then go down the Spoons moaning. lol

[diku] 28/8/2022 11:48

Though it may sound a good idea of say receiving post one or twice in a week not sure about the practical aspects...the postman/woman could be carrying a heavier load...then there is always the smaller parcels that they carry...they could use a 3 - 4 wheel trolley which some postman/woman already use...or the rounds could be broken up to smaller rounds...but then what happens to the other 3 - 4 days in that week...the full time job becomes a part time job...may not suit everybody...




isis28 Aug '22 - 11:01 - 12979 of 12982
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I for one would be happy to receive Post just once or twice a Week. It's gone the Way of the Milkman, who needs to buy Milk everyday now!
The Universal everyday Post is outdated and unnecessary. I think most people including Postman would agree with that. Times have changed, everything done online and email.

[isis] 28/8/2022 11:25

Other than Parcels,Cards and bits and pieces from Ebay etc. plus the odd legal document here and there I really don't bother much with the Postal Service.
All done online.

[careful] 28/8/2022 10:53

Automation with fewer workers must happen.
competitors are already there.

Remember Murdoch's bitter battle with print unions?
Type setters were obsolete, it was all done digitally and is now.

It is sad when jobs are lost, old skills become obsolete, but it is inevitable.

All of those once great car companies who perished.
There used be 7000 workers at a single plant, it would be 1500 now with modern methods.
And cars are better.

I understand that at RMG they introduce modern technology to sort, but the long standing union agreements allow the same number of employees to stand around watching it happen.
CWU solution, is to shorten the working week.

I saw a worker on TV arguing that without a huge pay rise he would struggle to pay his bills and would have to get a 'better paid job'.
Good luck with that, as if there is a queue of employees out there who could afford to pay him better pay and benefits that those he gets from RMG.

I think that we are all in for a rude shock as the uk is becoming a basket case economy on many different fronts with national debt approaching £3 trillion.

We are almost bankrupt and the good times are over.

[isis] 28/8/2022 10:08

If post has dropped from around 20billion to only 7billion (and probably most of that junkmail) what do you expect to happen to the workforce? You can cite the Covid Tests but they were all Parcel Delivery.
You don't need a degree to work that out!

[isis] 28/8/2022 10:01

I for one would be happy to receive Post just once or twice a Week. It's gone the Way of the Milkman, who needs to buy Milk everyday now!
The Universal everyday Post is outdated and unnecessary. I think most people including Postman would agree with that. Times have changed, everything done online and email.