The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
RoyAlMail, I don't know which mail centre you work in but my office would absolutely have the capability and capacity to process mail across the early and late shift leaving a skeleton crew on the night shift.
Under the MTSF agreement, shift allowances are protected for up to 36 months.
According to Fruitster, "Sadly for the militants they are not a nationalised company anymore and accordingly the owners or shareholders are free to do whatever they wish with those assets if productivity doesnt improve and that is sell them to owners that will be more ruthless."
I'm not entirely sure that he has his facts 100% correct but that seems to be the mood music from non RMG investors!
Oli G. "Just think how many OPGs and managers could be culled" implied that they would lose their jobs which is not the case. Mail centres don't have the capacity to process all of the mail on 2 shifts. The saving would mostly come from the fact that they wouldn't have to set 2nd class from 1st class. A small amount of staff may be taken off nights via the float. Also shift allowance would have protected rights.
RoyAlMail, if RMG were allowed to dissolve the 1st class service and provide a budget standard 2 day service with next day delivery as a much higher premium service then they would have bought themselves an extra 24 hours to process the majority of the mail. Our processing night shift exists mainly in order to process the 1C that has been posted on day 1 for delivery on day 2. If it were possible to delay delivery of that mail until day 3 (2nd class) then that mail could be collected and segregated on the late shift of day 1 then left for the early shift on day 2 to process and sequence. Inward mail could be delayed to arrive at mail centres for 05:30 on day 2 and outward mail would be en route to mail centres to arrive at 05:30 in time for the early shift. Because an early shift already exists, approx 80% of the would need to transfer from the night shift to day shift effectively leaving a skeleton crew on the night shift to deal with the premium service mail.
How does this save money you ask?
Well, the night shift premium payment to OPGs is £82.69 per week (£4300 per year) and the day shift premium is £0.00. A small mail centre will have around 80 staff on the night shift so if 60 staff transferred to the day shift then that would save the unit (60x£4300pa) = £258kpa and that's for a small office. Multiply the £258k by 39 mail centres and you are looking at a saving in the region of £10million.
Losing the night shift may not necessarily mean a headcount reduction but it would be a huge saving on the staff costs.
Just a final note...
I'm not saying that I want this to happen but RMG have a CEO who is looking at ways to make savings. If I have given this some thought, don't you think that his team have also done the same?
He visited our office the day before the shareholders AGM and one of his thoughts was on getting rid of "unnecessary allowances" such as workplace coaches and TPM so he must also have shift allowances in his sights?
Oli G. I don't understand your logic? Why would dropping 1st class result in losing night shift? They would still have the same amount of mail to sort just less segging.
JB. I think you will find this time it's not tongue-in-cheek. Maybe poetic licence or waffle.
Oligarch I know Ofcom have brought forward a review as stated in their annual plans but it made no mention it was based on representation from the company if it did I may have missed it. Can you pop on any links to Ricos lobbying / requests to Ofcom I would like to see what has been requested. Thanks
Beg as much as you wish oli.
I beg to differ Red but Rico has already lobbied the regulator to reduce RMGs Universal Service Obligation. Surely this should make shareholders happy as staff salaries are RMGs biggest outlay so reducing the headcount should be welcomed?
Oli. Your pie in the sky, tongue in cheek observations are exactly that and not worth your time posting
Fruitster, it's all in the maths. If RMG manage to convince the regulator to drop the USO obligation down from 6 days a week to 5 days a week then up to 20,000 jobs (hopefully casuals/Angard) would be casualties.
If RMG could convince the regulator to drop the 1st class service and just have one class (2 days to deliver) then entire night shifts could be dropped in 39 mail centres. Just think how many OPGs and managers could be culled. Good for the share price though?
550p in 2020
Fruit. Let's face it scaremongering is what they do. Their problem is that the lth's are not kids we have been around the block a few times and and it's nigh on impossible to scare us. We have an experienced CEO who knows what he has to do and is determined to do it. If the calibre of his opponents are even twice that of the trolls here he could succeed with one hand tied behind his back. A good day recoveryso far today and plenty of bwd in future.
Very nice start to the day. Just goes to show "not to lose your head" at such times.