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Thanks. You've got to stop presuming that people who ask questions are left wing nuts, it makes you sound like a conspiracy theorist.
Shall we say you've pulled those figures out of the air?
If we've got 9 million deaths caused by starvation annually, let's say 8.8 million are attributed to capitalism. Are you comfortable with those figures? Because that would be worse that Stalin.
You want to talk about snowflake generation? Which generation is trying to outlaw protest? Which generation made it a crime to shout "who voted for him" when the statement was made about Runt Charles? Guess what, that's the older generations doing snowflake Sally. It's the older generation who keep getting offended every time someone lifts a finger.
I just wanted to make sure we were considering the same thing in your analysis.
How many deaths by famine would you attribute to the policies of communism and how many would you attribute to weather conditions and war?
Could you also give me your numbers on deaths caused by starvation by capitalism including those historic ones in Ireland and India?
Finally 9 million people, including 3.1 million children, die from starvation and malnutrition annually. How many of those deaths do you attribute to capitalism?
For the purposes of clarity; are you holding Stalin responsible for deaths caused by famine in your statistics?
Will excess deaths caused by climate change by mostly designated as deaths caused by capitalism in your statistics?
I'm sick of Thompson and his crap. Pay the workers if you belive the company had a future. If you belive the company needs to cut wages to exist, you need to step aside sunshine. What sort of person can't run a postal business in the age of distance sales. A bull****ter!
The business is losing £25m a day on strike days allegedly.
How has this figure been calculated? Does this number include the revenue that would have been made if workers were working? Or is it the total loss experienced per day of the strikes? A 25m a day loss works out at over 9 billion a year. The company had total revenue of 12.7b last year and a profit of 577m. So the company would have us believe the costs the business incurs while workers going on strike is 80% it's normal operating costs? Yet workers wages make up 50% of the company costs. Something not adding up here.
Sounds like you should be getting a bonus for being quick and your colleagues should not. Wait, didn't RMG want to look at bonuses this year?
Good to see the business trying to move this forward through Acas. After 12 weeks of industrial action, if the business has made attempts to resolve this, for example by going through Acas, the strikers can be dismissed. As an outsider I'd guess that the CWU will not want to go through Acas but will have to accept the proposal to use them in order to appear to be willing to negotiate in a reasonable fashion. The screws are being turned on the CWU.
Amazon sales in the UK in 2021 were $32 billion. In 2019 they were $17 billion, in 2016 less than $10 billion.
Meanwhile 39 Royal Mail parcel sorting machines are set to be in operation by October 2022. The hubs being built in Warrington and Daventry can process more than 1.5 million parcels per day.
By March 2022 50% of its parcel processes are automated – up from 33% last year and aiming to reach its overall target of 90% parcel automation by 2023-24.
Presume less workers will be needed once this has all been implemented?
Half yearly results will no doubt show a loss. Christmas is the part of year that matters for this company though. Will the cost of living crisis result in people doing their Christmas shopping online where everything is cheaper? I suspect many will move/ remain online for Christmas while others will reduce their spend. I don't know how much confidence the board can have in its own predictions due to the unusual circumstances this year's cost of living crisis presents, along with the savings which my still exist from the lockdown.
Regarding the future here's a thought: RMG let's postal workers retire without replacing them. Gradually not enough staff to fulfil USO, so it contracts out it's obligation to fulfil the USO to a third party. Keeps the most profitable parts of the business in-house while paying the cheapest bidder to keep it's losses on the lossmaking parts to a minimum. In fact, maybe it creates its own subsidiary companies to bid for these contracts and then employs cheaper staff in these new companies.
A 2% pay rise with 1.5% linked to changes agreed suggests the company has no confidence in itself to make a decent profit in the future regardless of the change that it implements. If the changes the company intends to implement are to have a material difference then that material difference should be reflected by increasing the wages of the workers in line with or near to the inflation rate. Clearly if the changes are expected to have little or no impact, you would be as stingy as hell with your pay offer. So all this talk of change bringing about future success is undermined by the fact the company sees itself as unable to afford to pay its workers the same real wage as last year. The company is being managed to its knees, got lucky with a parcel boom during COVID and now is back on course for more years of stagnation. Offer the workers a proper wage rise of 3-4% add in 2-4% linked to changes and add in a note that future pay rises will also take into consideration the rate of change agreed. By only offering 2% you may as well resign and be done with it. The board clearly don't have the vision to transform the company or the confidence that it can be done. Instead they are wasting the money that could have spent on these increases by making poxy offers and doing nothing.
is this old news?https://www.thisismoney.co.uk/money/markets/article-10098603/Royal-Mail-rocked-claims-fake-hours-staff-scam.html
Of course we may not need a lockdown. People may decide to act more responsibly in winter and stay at home voluntarily. Meaning do their shopping for goods by post!
We are coming up to Christmas. That tends to be a catalyst for a seasonal swing.
I'm not sure we can rule out any covid measures heading into winter, it will depend on number of people in hospital. However there are more people in hospital now for covid than there was in September last year a d in mid-October last year.
I rebought in following the steep rise after the results. Based on my thoughts that this Delta variant is going to have a large impact - case numbers are rising, the length of time the vaccine works is unknown - the precautionary principle we are not going to be completely free in the coming winter. The Government is probably going to put restrictions in place and many people will voluntarily be staying at home as much as possible rather than going out to make purchases. So based on the chances of that being reality and the general expectation of parcel revenue growing and costs being cut, this is a buy for me. One downside is we are coming up to summer months now when RMG share price tends to dip.
No I don't work at RMG. It was the first share I ever purchased when it was listed. Been following it ever since, buying and selling as I went along. Haven't posted much but I have always found the board an equally entertaining and informative read.
I did come out with a profit, I bought all the way down. Still have a small holding which I will top up on any drops as in the medium term I expect positive outlook based on increasing revenues.
Looks like the first time he will have to deal with employees rather than be product focused. We all know Royal Mail has the capital in place to deliver a good service for it's customers if it can invest. However working with employees who won't be pushed around or bullied is likely to be a novel environment for this CEO. This isn't about rolling out a new app or a digital service. This is about complex logistics and a workforce that knows what it wants. This is about delivering an essential service for an affordable price while paying employees a decent salary. I'd be interested to know what experience has prepared him for this.