Member Info for mike1974

And still Wolves doesn't seem capable of grasping the basic concept that any bad news for the shareholders will equate to even worse news for the employees.
You really do still think you're in some untouchable public sector role, where poor performance and inefficiency are irrelevant to the ongoing viability of your job don't you!?

Oli - If you're an employee of long standing then I'm sure you're aware that RMG senior Management have a long history (both pre and post privatisation) of manipulating the figures for profit margins, cost savings etc in a negative and pessimistic way in order to plead poverty when it comes to pay talks and other deals and agreements with the workforce and CWU. (The infamous Colleague Share plan being the perfect example)

I highly suspect what is what is going on here with the supposed "£1m a day losses" claim... not only as a negotiation tactic with the CWU but also to make a case for a reduction in the USO with the govt and Ofcom.

It's always been the way with Royal Mail, a 2 tier workforce... those who work in deliveries are constantly monitored and pressured into doing overtime with unachievable workloads, whilst life in the big MC's is more like something from the 1970's and the days of Red Robbo.

Oli - Royal Mails freehold property portfolio was valued at £3.1bn in Sept 2019.

I fully expect that those who will receive the most targeted help with the cost of living will be the usual suspects... i.e the 16 hours per week Tax Credit Brigade and the ''full time single mummies''.

And in 22 years as a postie I've observed that these are the people with the most disposable income when it comes to having worthless tat from eBay and Amazon delivered to their door ever day... usually ungratefully received as they're still in bed when you knock on a lunchtime.
So yes, good news for RMG, as our biggest customer will be getting yet more free money to spend on stuff delivered by us.

I confidently predict there will be zero VR's available.
For one thing simply by not replacing any of the annual natural wastage of the work force will account for at least 8-10,000 positions per year, plus there will be plenty of opportunity to redeploy staff to parcel distribution and delivery and if they don't like the idea of doing that they are quite free to seek gainful employment elsewhere.

Scamp - The ''Unemployment Centre'' as you so quaintly call it (I think it was last called that in about the 1950's) will very generously reward you the grand sum of around £70 per week JSA for, I think, about 6 months and that's it... And to receive that you will have to jump through all sorts of hoops and demonstrate that you're actively looking for work, applying for jobs and attending job interviews and willing to do pretty much any job available within about a 50 mile radius.
Not quite ''laughing all the way to the bank'' but good luck with your cunning plan all the same!

Isleworth - So you've accumulated a 'strike fund' of £1,100 presumably in the space of the few short weeks since IA was first mooted?
Do please tell me more about how poorly paid posties are.
I doubt there are many other unskilled workers out there who are so well paid they're able to save up and put aside over a grand in the space of a few weeks.

Turkeys voting for Christmas.
These idiots don't seem capable of grasping the basic concept that without later start and finish times RMG simply cant compete in the parcels market to any kind of meaningful and competitive degree due to the way the LAT parcels pipeline operates... and they will be left with having no job at all .

It is completely bizarre, a dreadful set of results and the SP goes higher than it has been for weeks.
As you say, RMG has always been so contrary, both to the wider market and to the SP's response to results both good and bad.
I can only assume the rise is due to the market liking the possibility of GLS being sold off,?
Although I still don't understand what would happen in the event of that happening... would current RMG shareholders be given GLS shares whilst still retaining their RMG holding?

When it comes to 1970's style Spanish practices Royal-Mail has a bit of a 2 tier workforce.

The processing centres are like something from the days of Red Robbo with 3 men to do 1 job, but the delivery side is ruthlessly cut to the bone in terms of staffing levels, unachievable workloads and performance monitoring.

Hopefully with ever increasing automation the p*** takers who 'work' in the mail centres will soon find themselves out of a job, or perhaps given the opportunity to join their hardworking colleagues on deliveries.

I was under the (apparently incorrect) impression that all this anti-competition and anti-monopoly nonsense allowing anyone to cherry pick via DSA and then RM also being forced to give them a discount when they then hand the mail over to us was all due to EU rules and regs?

And now that we aren't in the EU they are no longer applicable?

I'm obviously mistaken.

Hilarious the way DSA is set up to enable any old cowboy firm to cherry pick the most profitable aspects of the delivery pipeline and then just hand the mail over to RM for the most labour intensive least profitable final mile delivery AND RM are obliged to deliver it for them at a discounted rate.. and it's RM who get accused of being anti-competitive!

I'm so desensitised to the obscene pay levels and accumulated wealth of corporate execs these days that I was genuinely surprised it was only in the hundreds of thousands.

Ah Rural... another of the old timers attempting to disguise his workshy attitude and refusal to adapt by harking back to the old chestnut of ''doing the job properly'' and ''providing a public service''... aka dragging it out and wandering around for a couple of hours with half a bag of mail and expecting to get paid 8 hours for it.
I'll say it again, those days are long gone for you I'm afraid.

The peculiar thing with this little spat between Redceo and Angerz is that they're both fundamentally pro-RMG.. it's usually the case that differences only occur when one is a ramper and one is a de-ramper.

I think you both need to make up and realise that your common enemy and source of all your frustrations is the shorting scum.

Welcome to the UK stock market... the best place in the world for shorting scum to engage in their corrupt manipulation, driving down stocks to well below fair value .

Dynosaur, I can always identify the workshy old timers as they're the ones who are always banging on about failure of quality of service with letters, clearly longing for the good old days when RM was a 'public service' with all the inefficiency, malaise and Spanish practices that came with being such, when all you had to deliver were those oh so important birthday cards and hospital appointment reminders etc, (which incidentally are usually sent out weeks if not months in advance anyway)
I'm sorry to tell you those days are long gone and never coming back so if you're unable to adapt and move with the times as an employee of a now private sector parcel delivery company it might be best if you seek pastures new.

Angerz - I wouldn't pay too much heed to Dynamo.. He's just another of those Dynosaurs (see what I did there!) who want's the job to still be like it was in the good old old days back when he got paid 8 hours for spending a couple of hours wandering around with half a bag of letters.

As for the parcel sorting hubs, I hope it doesn't take a couple of years for them to have any teething issues ironed out and become fully operational, or else we're all in trouble!

Can someone explain what makes RMG particularly vulnerable to this manipulation (corruption imo) from MM's and shorts?

Why don't they target just about every stock in this way? Especially stocks of companies that are in far worse financial positions than RMG.