Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I think I'm correct in saying that OFCOM don't regulate the pkts/parcels market for RM or any other courier companies, it's only letters that fall under their remit.
You can bet if OFCOM did have a say in the parcels market they'd be more interested in dragging down our pay and T&C's to that of our gig economy competitors as it provides better VFM for the customer.
Ofcom will have to step in to save the USO if RM carry on losing money. It will be interesting to see what they come up with. Whatever they do it wouldn't be for the benefit of shareholders that's for sure
200iq, I would prefer that OFCOM dedicated more time to dragging our competitors up to our standards in terms of
quality of service, employees TS&C's and also customer service. I doubt that few mail couriers would survive if they had to jump through all the hoops that we have to.
I does give an indication of what Ofcom think of RM though. Talk about kicking us when were down.
£1.5m for late 1st class and 100k for the price rise **** up. From which RM gave the profits to charity. They may as well kept them.
The system for measuring quality is flawed anyway.
As far as I'm aware the fine was for pre covid year and targets have been relaxed for the pandemic .
HHIAN2, looking at it realistically, £1.5m is a drop in the ocean for RM and probably worthwhile economically to take the hit in order to clear the backlog of parcels.
Annoyed by the fine coming at this time when royal mail postiies are working hard as usual throughout the pandemic going the extra mile etc barely a real thought of the close contact in the office , expected to get on with it etc.. you would think they would cut the company a bit of slack and just give a warning... in my office theres about a third of the staff off , no way you can cover that amount of work everyday