10 Sep 2020, 21:20
“These findings tell us that the best way to ensure the Universal Service continues to meet our customers’ needs is to rebalance our service model more towards the growing parcels market, particularly urgent parcels and urgent letters. We are currently exploring what a rebalanced Universal Service might look like. We remain committed to the universal, affordable “one price goes anywhere” nature of the USO, but we would like to deliver the items that customers want more often, not less. To do that we need a regulatory system fit for the future rather than the past.”
11 Sep 2020, 11:12
11 Sep 2020, 16:43
Janet Brum wrote:Royal Mail are also facing a deeper crisis and that’s a break up with the most likely outcome being to spin off the profitable GLS arm. Recently Czech billionaire Daniel Kretinsky, through his Vesa Equity Investment SARL business, upped his stake in Royal Mail to become their biggest shareholder (approx 13.1%). It’s thought that he could be interested in seeing GLS spun off and with his shareholding he’s got a decent influence on any such decision.
This is all pretty much going down the route we predicted back in June when we mooted a potential sale of GLS and revamped USO, so there are no real surprises. The news and hints from reading between the lines today are just an indication that things are bubbling away in the background and the only real question is how long it will take for, what looks like, the inevitable to happen.
11 Sep 2020, 17:09
I wonder how much of GLS's work is stuff that originates or is going to the UK? If it's a lot then RM could just go back to using each countries equivalent of RM