How long does this go on?

[Acca Dacca]

Till postal workers come to their senses and support the decent pay settlement the CWU negotiated for them, in the back drop to a Recession, Automation and A1.

Jobs are not ten a penny anymore, and prolonged industrial action and pay stalemate kills a company, and undermines the integrity of their own union, the CWU in this case.

This could all have been settled long time ago bar for the coterie of loudmouth Bolshi reps and antagonists who have hidden agendas and axes to grind with their own union and Royal Mail

Remember what Arthur Scargill did to the poor Miners, don't let Postal Workers suffer the same dreadful fate

Get a new script jahbalon

[yellowbelly]

......, in the back drop to a Recession, Automation and A1.

Yep, for a major thoroughfare the A1 is a ferkin disgrace, potholes and 40mph speed limits everywhere!

[Timetomoveon]

But I am enjoying the Ann Summers adverts…

Add them to the deal then I’ll vote yes.

[postslippete]

How long do major shareholders of RM let's this business carry on like this? Apparently RM isnt making any money ,apparently its losing millions so when do they say ffks give the workers something and let's get making money so we can get our dividends!! I know major shareholders might be wealthy individuals or investment bodies that might not need their dividends but I'm sure they want them?

Large investors and majority shareholders are often in it for the long haul and will usually buy and hold on to their shares. It's not just about the dividends right now but whether IDS as a company will be profitable in the long run. No smart investor is going to put money into a company that is likely to go bankrupt overnight. Whilst IDS has dropped out of the footsie 100 and reports losses this year, it's hardly going out of business. It has a strong balance sheet, many fixed assets and £1.7 billion in available liquidity. Royal Mail has just invested in another parcel super hub in the midlands on top of the electric vehicles that it wants to roll out whilst GLS has also been spending millions expanding into Eastern Europe along with new processing hubs in France and Spain.

There are a few figures on the internet but as rough guide Royal Mail has a market cap of around $2-3 billion and whilst it was a lot higher in previous years, most companies have suffered due to rising costs and inflation etc.