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dowsie there was never a problem with royal mail being privatised... royal mail in the right hands is a money-making machine.... but for who? now when a company makes millions and rewards ONLY investors that only invest to make a quick few quid like some on here then you have to ask why..... the workforce in royal mail worked through the pandemic unlike your so-called investors (some taking 80% wages through furlough) and we kept it running.... using our own vehicles and paid a pittance @ £20 per week!!!to use them because 2 to a van wasn't allowed. they made an absolute fortune. and then to come back and say we cannot afford a pay rise is an absolute joke.... I get we need to move forward and give a little... but it works both ways...... cake and eat it comes to mind for Mr. T...... Rico was booted out during the pandemic and so will Mr. T this time....
i said this i think about 10 days ago when the sp was @£2.50... so today was a bit early for my forecast... arsenal said he would buy at that and he probably has... teslo bought trenches @ £2.50-225 range and said he was going away until he was in profit.... He's back buying again today... teslo hasn't gone away and neither are the CWU....
GOOD LUCK to you all in this fiasco...
I'M CRYING:-)
Next big hurdle is £1.
Just a question for anyone on here do you think this should not have become a PLC . I remember Thatcher the queen of privatisation saying she would never make RM a PLC now before we were privatised we made 300 million pounds in a year at one point are pension had so much money in them Blair’s government stopped putting money in to the pot .Now it all seemed to have gone down hill since being privatised the share price is down 130 since it was privatised not bad for 9 years . The service we provide has gone downhill perhaps Thatcher was right along
Surely two members of staff is pushing it. Cannot the person doing the feeding not then sprint to the end and do the collecting? Would have to be fit though.
It wouldn’t work…he would need a break for dinner…:-)
It's being deliberately run in to the ground, by a bunch of imbeciles just like M&s is?
Teslo I’m with you mate had to buy more to average down give it a few weeks ! Good Luck
Comments like that is when you know it's time to buy :) blood on the streets and all that lol
possibly , CWU IN A FIGHT they will not win
when the one came at cf mc and now another , they are the cheap version and they fail to get rid of enough posties to justify them, blokes with jobs that literally do nothing , such as checking for missorts or putting paddles onto york`s for 4 hours. so many wasted hours , id imagine this is systemic through the whole country
I simply can not see how this will turn around. Is this the end of Royal Mail?
Said this joke of a company will hit sub 2
Expect 1.50
198.50 paid.
At this rate of decline I will switch my buying to weekly rather than monthly.
By the time of profit warning in November if we're lucky this will test the all-time lows.
Surely two members of staff is pushing it. Cannot the person doing the feeding not then sprint to the end and do the collecting? Would have to be fit though.
Down 20% in a week. The UK business has always been a millstone for the company, now it's become toxic. A pyrrhic victory awaits the winner.
That's a utopian vision - si and Dave hand in hand overlooking a 1 mile square warehouse watching a million parcels a day being sorted with 2 members of staff:one feeding at one end of the machine and another at the other pushing the York's to the artic
I am sure the Warrington superhub has nice views. Perhaps the CWU and RM management can co-locate there in rooms at the top. Then they can watch the future whizzing away under their feet.
RM hq is on the embankment in London. As another cost efficiency measure maybe that should be relocated to,say, Stoke on Trent. The staff will still have a view of A river.
Well perhaps they should think about it. More like a few rooms in wherever one of the big unions eg Unite hang out. This battle is quite existential not only for RMG but CWU. They cannot afford to lose members. Over half their 190,000 membership work at Royal Mail.
Hounddog10 -The comeback special
Is a move from leafy affluent Wimbledon to one of the northern levelling up constituencies advisable?
The CWU have their own problems. Declining membership, big pension deficit and generally losses (although in 2020, their last annual return, a surplus mainly because COVID curtailed activities eg Conference and so costs). Also quite a bit of their balance sheet is commercial property particularly their Wimbledon HQ, above the shopping centre, which probably is not worth as much now.
They have yet to file their 2021 annual return with the Certification Office - or at least it is not on the government website.
Looks like we're going under the £2 barrier soon
Has anyone even thought that k might be happy driving the price down in the background to buy it on the cheap,then offer a good pay rise as long as modernisation is implemented :-)
Sorry JB I meant ofgom but I did like your reply
Anger - "I would go as far as to say that I think they’re nothing more than radical left wing activists…..like extinction rebellion."
Hmmm, I wouldn't compare the two. ER have a very middle class make up. Plus ER get my support whereas the CWU are as incompetent as the management in my view.
Anyway, regarding the USO, you said "Failure to act as quickly as possible on this would result in Royal Mail losing its market share to competitors, which from what I’ve read, is already starting to happen."
As I pointed out a few days ago, RM had the opportunity to drop Saturday letter deliveries but they didn't take it. Just like the short-sighted decision on the £400 million dividend / buy back. The board are making some dreadful decisions.