Latest Memo from RM - investment

Spedley · Post by **Spedley** » 01 Sep 2017, 14:31

IMG_20170901_142318.jpg

Very interesting. Since privatisation ZERO money has been invested from the private sector. This £1.5bn of investment has come from RM profits.
I applaud RM for re-investing heavily but don't fob us off with struggling for profit. When the changes are done, where is the next £1.5bn going to go?

Post by **Lounge Lizard** » 01 Sep 2017, 14:45

£1½ billion, or £½ billion a year, sounds like a lot of money but it's not much out of £10 billion annual revenues.

TheTrolleyMan · Post by **TheTrolleyMan** » 01 Sep 2017, 15:58

Spedley wrote:
IMG_20170901_142318.jpg
Very interesting. Since privatisation ZERO money has been invested from the private sector. This £1.5bn of investment has come from RM profits.
I applaud RM for re-investing heavily but don't fob us off with struggling for profit. When the changes are done, where is the next £1.5bn going to go?

The messages on my PDA remind me of my favourite programme as a child .............JACKANORY

JKSmudge · Post by **JKSmudge** » 01 Sep 2017, 17:14

Do they think that people will actually change their minds re Strikes after reading that tosh... all these message are just annoying and make me even more resolved to vote for action

jetblack · Post by **jetblack** » 01 Sep 2017, 17:20

Yeah - the PDA's were reputedly a grand apiece. Great investment that

- when a £75 smartphone would have done the job as well.
Hey - RMG big shareholders didn't have interests in the company that got the contract for the PDA's did they ??

daveyeff · Post by **daveyeff** » 01 Sep 2017, 19:17

they keep saying there are no winners in strikes as well. garbage. if we had never been on strike over the years and accepted their crap, we would now be on minimum wage. or maybe the 'living wage' at best. instead of the £10 odd an hour we are on now. that's winning in my book.!!

Spedley · Post by **Spedley** » 02 Sep 2017, 11:51

I'm not sure of Royal Mail's business model - "don't let customers go elsewhere or they'll find out how crap we are"

Also, I don't knpw if they are just having a laugh or really are worried about strikes. Gives us an excellent negotiating position if it really means that much to them.

k979aaa · Post by **k979aaa** » 06 Sep 2017, 18:31

Spedley wrote:
IMG_20170901_142318.jpg
Very interesting. Since privatisation ZERO money has been invested from the private sector. This £1.5bn of investment has come from RM profits.
I applaud RM for re-investing heavily but don't fob us off with struggling for profit. When the changes are done, where is the next £1.5bn going to go?

Well covering somebody's pension housing cost's and probably a taxi to easyjet once a week would eat a fair chunk of that as for the PDA's have they benefited us or are they a tool of the management top down system!