We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
*capex
" i would not necessarily greatly disagree in the main -- although I would argue that you still have to offset a lot of that against the cost of reorganization; and it is till unclear, and still not yet resolved (due to the relevant laws not yet in place) just how it is all going to pan out with the pension."
Incremental caped is £400-£500m which is covered by the divi cut. The DB pension is shut and can't be reopened.
Scampthedog thanks for your response. Agreed mainly parcels and returns. Not sure about international letters but maybe they are going to include a customs facility and screening in the new build. In my experience a period of dual running was part of the process and incorporated into the plans and to allow for some slippage. Perhaps whoever is leading you to believe about having to extend the lease could confirm the end date. I would have expected this to be at least 6 months after any scheduled go live date to allow for training/ decommissioning etc It is useful to have this type of information you have access to. I will try and contact an ex colleague in PF who is based in NW and hopefully he can confirm if not in confidence.
You make some legitimate points RoyAIMail...I would not necessarily greatly disagree in the main -- although I would argue that you still have to offset a lot of that against the cost of reorganization; and it is till unclear, and still not yet resolved (due to the relevant laws not yet in place) just how it is all going to pan out with the pension.
As for your question JBTHISTLE...several points: taking for example Warrington. Yes they are intended to be, primarily, parcel hubs...but not just parcel hubs alone. Warrington, I know for a fact, will not only be dealing with tracked mail but also 2nd class parcels and mail order returns; to that you can also add international letters and parcels...and more than likely a certain amount of first class mail besides. Will it be an inconvenience if it does not open on time? You bet your sweet boots it will! I am led to believe that they may well have to extend the lease on the present North West Distribution Centre...just to cover themselves in case pf delay: obviously -- not ideal! This would then necessitate the paying of rent on two buildings not just one. There are many reasons they will want that hub fully operational by the end of October...and the most important reason? Efficiency!!