I've heard today that an office in Manchester is trialling 6 and a half hour deliveries. Utter madness in my opinion. That's walking for that length of time. I'm not sure I could do it. And the finish time is 4:34 in the afternoon.
Poor royal mail , i do feel sorry for it , its been so abused and raped of it assets over the yrs by management and gvt and all the time it generated profits time after time ,why? because its got infrastructure ,its got massive property , its gone from 3000 to 11000 managers plus so massive costs to cut there ,it lost its pension to the gvt so no liabilities ,it lost its bank giro bank to alliance and leicester , the management dont know how to run things so the only thing that they can think of is outsource ....... quick fixes , 1 van to 2 postmen , what idiot thought of that imagine how much that cost ..... google tnt ... royal mail , google deutche post ,there massive , growing and want royal mails network as a european hub ..........
So is that fair to all taxpayers that after a lifetime of funding we all now are paying for there gross mistakes over pensions and work ethic ,you talk straight from the book you read it from. and as usual it is waffle ,why don't you at least accept that this company has had a head start from all of Us taxpayers instead of giving it a clean bill of health from day one ,as you say look at the overall facts before sounding off , oh but you seem to know a lot about everything if I remember Engineering comes to mind ha ha ha
Oh deary me this is turning a bit vitriolic again! Calm down and enjoy the ride! RMG is not going to make us all millionaires over night nor is it going bust tomorrow. The property portfolio is a strategic asset to be disposed of as management see fit to further the overall aims of the company. I cannot see why the penion scheme is such a problem given that in OCT 2015 "The Royal Mail Pension Plan (RMPP) saw its assets grow by nearly 70% as falling UK Gilt yields added nearly £2.1bn (€2.8bn) in assets. The pension fund for staff of the newly privatised UK postal service saw assets increase to £6.5bn from £3.9bn over the year to April." AND "The Royal Mail Group RMG has the best funded company pension scheme within the FTSE 100 index. Since its entrance into the FTSE 100 index in December 2013 the three best funded schemes are Royal Mail Group with a funding level of 133%, Prudential with 119% followed by Standard Life with 116%. Why is this? Well it is because we the taxpayer have taken over the majority of the risk ""However it is the transfer of the majority of the RMG Plan's assets and liabilities to the Government generating an unanticipated balance sheet gain of £3bn that has propelled them to the top of the list of best funded schemes in the FTSE 100." Look at the facts before sounding off!
Where do you think your billion pound company worth comes from ? as I said you are in a competitive market with high costs if you had no property portfolio how much do you think you would be worth not a great deal ?
Hmmm a billion pound company with a monopoly on the uk letters market and a massive chunk of the parcels market churning out hundreds of millions in profit every year. Who'd want that?! Big lolz Arsenal you a funny guy sometimes!
If you are right Who would want to buy as there will be a lot of cost cutting happening like any possible takeover and where is the incentive for any new bidder to make more money ,very competitive market Rmg are in lots of costs etc ,Yes they may have a portfolio of property worth good Money but that could easily be sold off if things start going wrong and after that what is there to offer , Not a lot I'm afraid so I don't see anyone wanting to buy Rmg ?
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