Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
The business must make its plans well in advance based on forecast volumes. The business can only react when major business down dials their numbers not sure how the business can be held accountable for customers not having the level of work they forecast. No one should be happy that the traffic is dropping off.
Hopefully, the volumes will pick up and we don't have many offices looking for work to do when only a few weeks ago work was piling up in some offices.
Redceo spot on no one will rise in business without making mistakes and learning from them. In my mind it does need someone that can communicate well and build the teams and the business. An unclouded vision, strategy, and ability to take tough decisions. Hopefully in amongst that will be growth and further modernisation. I am sure there is an ideal candidate out there.
Redceo an unblemished record of accomplishment and thick skin also required. I can't disagree with an external candidate being better from the no baggage aspect, but I did think they would go down the route of internal knowledge and IDS experience but as you say that immediately keeps some barriers up.
TMS I agree with your thoughts on the numbers I am not expecting anything different from what has been forecast but hoping for some positive messages around 2nd half year and deployment of plans and any savings forecast. If any mention of dividends that would also be welcome. I am happy to see a gradual price rise rather than any sudden spikes.
Broch that's great news about the sickness levels and hopefully that is being reflected throughout the whole business. It will make quite a difference to the staffing levels in some areas. Lots to be worked through in the new agreement in getting the key strands implemented as quickly as possible. Lots of joint working groups being put in place with tight timescales for delivery.
Oligarch I am not sure where the money was shown in the accounts but a fair assumption it was linked to the pension as trustees had to give agreement. You are correct it was held in an escrow account, and the business had set aside. If the funds were in such good order, I wonder why it wasn't used earlier. Doesn't matter now as it's been made available.
I agree with the comments on inflation etc quite a bit to go before anything settles. Hopefully, we get positive news later. CWU Facebook saying announcement later this afternoon. Perhaps when market closes.
Some headlines on the new hub capability
https://www.internationaldistributionsservices.com/en/press-centre/press-releases/royal-mail/royal-mail-revolutionises-its-parcels-business-with-launch-of-new-state-of-the-art-automated-super-hub-in-daventry/
I caught up with the CWU session. DW/AF could not have been more explicit in the reasons behind the need for the proposed agreement to be accepted. Of course, the members will decide but CWU have spelt out the business plans.
I also note 2nd class letters to be pegged to inflation until 2029 but pricing cap to be removed on parcels.
Ha ha Redceo busy last few days and family arriving tomorrow. I am not sure why shareholders are asked for solutions to revision failures etc I am happy to leave to the people that are paid to do that and implement what is in the agreement
Rolandrat I have commented in the past about my views on recovering QoS and options open to the business. I am interested in the figures you quote, and you obviously must have access to national figures. Not sure what your role is in the business as back on 1st of May you stated " and work in delivery, not management. now today you are a senior manager. Bit confusing
Ispy I remember the pensions holiday but not the details. This as you may have read is being taken from an Escrow account that was set up in 2017 and when valued in March 2023 held £196m and will still be left with £70m which will go to the new pension Royal Mail collective scheme.
The surplus has obviously been built up by previous contributions and although my initial reaction when it was first mooted that it was a bit naughty but if it helps individuals now maybe that's better than just sitting on a balance sheet with the proviso that it doesn't impact on future benefits.
Will need to read the whole document again on Monday. Have a good weekend.