Thursday 17th: Latest Results Announced. Are we actually losing GBP1M a day?

[daveyeff]

you would think so wouldn't you.

[wandle]

If a dividend is declared with Thursday’s results, even as little as 10p/share would cost £100m. They can’t then argue there is/was no money available to fully back-date the derisory pay offer.
If no deal is done with the CWU by Wednesday night, then we hit them hard with the strike on 24th/25th

[Mr Rush]

Despite paying other companies to deliver their stuff, GLS is going to show record profits.

Of course GLS makes megabucks - they're basically Hermes. It's what the company is striving to do to us. Destroying our working lives is their path to profitability.

[guardianangel]

If a company can post record profits in April, then in the same year go to record loses. Surely the person in charge would be sacked for incompetence.

[guardianangel]

If a company can post record profits in April, then in the same year go to record loses. Surely the person in charge would be sacked for incompetence.

[rambo1]

For me - I don't feel my round is any less busy than it was a year ago other than not having 5 or 6 test kits a day to deliver.

On the other hand we have been employing less staff. Taking 2 days mail out every single week after our day off. Staff numbers are down 30%. So RM will be saving a tonne of money there.

If the rest of the country is like our depot you would think they'd be at least making the same amount of money they were in the previous year...

So I am not sure where it's going 'wrong' - if it actually is....

Are they simply accounting for a tonne of investments they have made into new hubs, electric vehicles, new uniform, new automated systems?....

Is the 'loss' actually due to modernisation costs?

No signs of any 'investment' in our office! Uniforms, vans ,equipment ,building all look as knackered as the posties.

[rambo1]

If a dividend is declared with Thursday’s results, even as little as 10p/share would cost £100m. They can’t then argue there is/was no money available to fully back-date the derisory pay offer.
If no deal is done with the CWU by Wednesday night, then we hit them hard with the strike on 24th/25th

There will be no divi, I can assure you of that. That would be suicide for slymon as ceo.

[SpacePhoenix]

Letter mail is not down letter revenue is purely because we had geniuses at the top who set prices for whistle Uk mail etc and they were far to low and have not been increased enough therefore we are delivering it for more of less nothing

If you exclude bulk postings, letter traffic is down massively over the last 5 years. Batch sizes on the mech have nearly halved

[theotherone]

If a dividend is declared with Thursday’s results, even as little as 10p/share would cost £100m. They can’t then argue there is/was no money available to fully back-date the derisory pay offer.
If no deal is done with the CWU by Wednesday night, then we hit them hard with the strike on 24th/25th

There will be no divi, I can assure you of that. That would be suicide for slymon as ceo.

I wouldn't put it past him.Just say GLS made up 100% of the divi.

[Hyrrokkin]

If a dividend is declared with Thursday’s results, even as little as 10p/share would cost £100m. They can’t then argue there is/was no money available to fully back-date the derisory pay offer.
If no deal is done with the CWU by Wednesday night, then we hit them hard with the strike on 24th/25th

There will be no divi, I can assure you of that. That would be suicide for slymon as ceo.

I wouldn't put it past him.Just say GLS made up 100% of the divi.

You may be right - but he is such a passive aggressive asshole he would do it just to stick two fingers up to all of us.

[pieoftheday]

Letter mail is not down letter revenue is purely because we had geniuses at the top who set prices for whistle Uk mail etc and they were far to low and have not been increased enough therefore we are delivering it for more of less nothing

If you exclude bulk postings, letter traffic is down massively over the last 5 years. Batch sizes on the mech have nearly halved

But if you dont exclude bulk postings, it isnt

[Clappedoutpostie]

If you exclude bulk postings, letter traffic is down massively over the last 5 years. Batch sizes on the mech have nearly halved

It takes just as long to deliver 1 letter to a house as it does 2, I might save 10 minutes of prep though.