Company Profits

Chelseablue · Post by **Chelseablue** » 21 Apr 2020, 18:56

Sorry amazons staff getting £2 an hour extra and they deserve it

Seymour Buts · Post by **Seymour Buts** » 21 Apr 2020, 20:00

The supermarkets have briefed that despite the growth in sales, costs have also risen to the processing, covering sick leave ect ect. I'd assume we'll be the same. We're clearing every day currently but the overtime bill from IPS, delivery and rest day working must be eye watering. There's people doing two walks a day in some cases. We were due to lose money this year; I very much doubt that'll change and it'll almost certainly be worse.

krussel · Post by **krussel** » 21 Apr 2020, 20:02

Parcels are really up. I would guess at least 30%+. Letters seem down but as other have said charities are really cashing in as well as gardening companies.

Another thing to consider is lapsing of duties due to sickness or rest days. This is another freebie for RM when you get lumbered with 2 days of mail for less than one hours OT as most was prepped.

As others have said RM will cook the books and act the same as other businesses which have not been allowed to operate and claim poverty ust at the time that our pay review is up. In 6-9 months time when bonuses are paid to directors suddenly money will be found.

Lets hope iam wrong.

Chelseablue · Post by **Chelseablue** » 21 Apr 2020, 20:14

Overtime thought that was stopped everywhere just now . Both our offices dont allow ot at all just now , so walks fail etc

Post by **Munchboii** » 21 Apr 2020, 20:17

The month by month increases are up in my area and the tracked has gone up by over 40% compared to past years march. But the parcelforce is down by a small margin

The letters are down supposedly but I never believe this figure I strongly believe this is faked on the spot

Janet Brum · Post by **Janet Brum** » 21 Apr 2020, 21:39

Chelseablue wrote:Overtime thought that was stopped everywhere just now . Both our offices dont allow ot at all just now , so walks fail etc

Not in my office, plenty OT and everybody is working their days off.

Seymour Buts · Post by **Seymour Buts** » 21 Apr 2020, 23:23

Janet Brum wrote:
Chelseablue wrote:Overtime thought that was stopped everywhere just now . Both our offices dont allow ot at all just now , so walks fail etc
Not in my office, plenty OT and everybody is working their days off.

Ditto.

norris9 · Post by **norris9** » 22 Apr 2020, 06:31

SpacePhoenix wrote:
cpsteve wrote:
norris9 wrote:
Munchboii wrote:
bucks123 wrote: - drop in mail volumes
It doesn't feel like it! The last week I must have had a nearly 90% call rate on my letters and going to the other 10% with packets and parcels !! Been finishing 30-60 minutes over my time everyday.

If Royal Mail turn around and tell me the mail is down I wont believe it
Same. Mail doesn't seem to be down at all and packets are up 6x.
x6 lol no chance
What type of area does your DO cover? Town, rural or a mix of both?

My walk is a town walk. Multi million pound houses. Rich people at home that can buy anything they want on a daily basis.

norris9 · Post by **norris9** » 22 Apr 2020, 06:47

Janet Brum wrote:Of course Rm / Rico will play the poor card soon, especially that we are due a pay rise and CWU asked for a bonus to be paid...

Is there a deadline for coming to an agreement on the pay rise?

Post by **rambo1** » 23 Apr 2020, 21:40

wacko74 wrote:
Chelseablue wrote:Also invested £15 million in ppe remember!

Yes it would be interesting to calculate just how much that works out at per each DO and MC?

£107 per employee. Roughly. That's some expensive mini hand sanitizer!

Post by **rambo1** » 23 Apr 2020, 21:43

norris9 wrote:Fuel prices crashing.....another reason for RM profits to increase.

Actually fuel prices aren't, yet . Although oils through the floor.

Chelseablue · Post by **Chelseablue** » 24 Apr 2020, 14:55

TSB bank gonna give staff £500 bonus while working through this . There are some companies that value there workforce

HA1 · Post by **HA1** » 24 Apr 2020, 15:41

Chelseablue wrote:TSB bank gonna give staff £500 bonus while working through this . There are some companies that value there workforce

Where would the money come form. The company was going to break even this year at best and with so many people off and get full pay I doubt we will even break even this year, but loss money.

Chelseablue · Post by **Chelseablue** » 24 Apr 2020, 16:16

Tell rico to take an exec pay Cut then and hand back the few million quid he got . Dont blieve anything this company says anymore esp reg profits etc.

postslippete · Post by **postslippete** » 24 Apr 2020, 18:42

Many shops and retailers will go to the wall especially if they are not online. They might have furloughed the workers but what of their rates and other overheads as well as sales losses?

Royal Mail,regardless of a few on sick,is still ticking over. There's been an explosion of packets to make up for the letters and I'm sure I read somewhere at the start of all this that Royal Mail could call upon £825 million cash reserves and were able to access a loan of a further £900 million if required.