Financial difficulties

[Jpro747]

Nope - apparently its all our fault. Nothing to do with revisions that have made units less efficient and bullying managers demoralising the workforce

[sweepster70]

The problem is, this private company also has to act like a public company and serve the United Kingdom under the USO. It just doesn't work. The people in charge only think how a private company should be run..... Profit....Profit.....Profit.
Anybody can make more money by attacking the employees wages, t and c's and sick pay. I think the idea of Vince Cable was to give it extra money so it would compete in the private sector. I don't think he ever thought that a bunch of greedy bastards would bring Royal Mail to the point of oblivion.

[bigal383]

Why can’t u lot see this has been the plan from day one to split the business up it’s check mate and will happen it will go into admin and the spinx will buy it been a plan now a long time
Wake up

[walthmstowman]

They still managed to give shareholders about £600million . The whole board should be sacked for gross negligence. They are so incompetent it beggars belief.

[sweepster70]

Why can’t u lot see this has been the plan from day one to split the business up it’s check mate and will happen it will go into admin and the spinx will buy it been a plan now a long time
Wake up

Wake up to what? A new Amazon, Evri, Dpd? No thanks!

[guardianangel]

His contract set by the board decides his pay over say a four year term.
Just like football managers, these people have clauses in their contract that state they get paid that amount even if they leave after a short period

That is why they get a large payoff in the millions as Pay in lieu of notice

Not if they sack him for misconduct he won't get a penny,his lying under oath should be enough.

[dazzler123]

His contract set by the board decides his pay over say a four year term.
Just like football managers, these people have clauses in their contract that state they get paid that amount even if they leave after a short period

That is why they get a large payoff in the millions as Pay in lieu of notice

Not if they sack him for misconduct he won't get a penny,his lying under oath should be enough.

it seems the board are all cut from the same cloth, he's just the frontman

[k979aaa]

£567 Million that's a lot of money wonder who you could bribe with it like some celebs or failed politicians like MOGG and JOHNSON and a few others it was under their leadership it failed bet they got a few bob out of it. I say hang them high

[datasaint]

Why can’t u lot see this has been the plan from day one to split the business up it’s check mate and will happen it will go into admin and the spinx will buy it been a plan now a long time
Wake up

Can someone explain how Royal Mail going into administration relates to the IDS company as a whole.

My understanding is if RM is under administration, its assets/liabilities all get fenced off. So in effect IDS would relinquish ownership over it.

So why would Daniel Kretinsky then buy it, he'll have got what he wanted which is IDS owns GLS, and is no longer burdened by RM or Parcelforce. The share price will probably jump as a result.

Although somebody could buy RM after it enters administration, but they'd have to work out a viable business model first in terms of USO, pay, size of workforce.

[aiden01]

They still managed to give shareholders about £600million . The whole board should be sacked for gross negligence. They are so incompetent it beggars belief.

How much did shareholders actually get your saying 600 mill others saying 400 big difference..im still a a shareholder are you.if you are hopefully you donate the extra few pound to charity

[k979aaa]

Why can’t u lot see this has been the plan from day one to split the business up it’s check mate and will happen it will go into admin and the spinx will buy it been a plan now a long time
Wake up

Can someone explain how Royal Mail going into administration relates to the IDS company as a whole.

My understanding is if RM is under administration, its assets/liabilities all get fenced off. So in effect IDS would relinquish ownership over it.

So why would Daniel Kretinsky then buy it, he'll have got what he wanted which is IDS owns GLS, and is no longer burdened by RM or Parcelforce. The share price will probably jump as a result.

Although somebody could buy RM after it enters administration, but they'd have to work out a viable business model first in terms of USO, pay, size of workforce.

Thing is this happens more than you hear about but IDS is not bankrupt morally yes but in a finical case no far from it they are shielding profit which once was earned by us all to rescue these pity little s**t heaps after the the 2008 crash. In reality non of this makes any sense but in the mind of a mad man IT DOES!

[ssdd]

For me, the real question is whether or not the financial difficulties have been contrived. Could there be an investigation into the deliberate mismanagement of the company, or will it be business as unusual?

[k979aaa]

For me, the real question is whether or not the financial difficulties have been contrived. Could there be an investigation into the deliberate mismanagement of the company, or will it be business as unusual?

By which super hubs and electric vans and the cost of temp delivery boys who are also using the vans to deliver pizza in next they will read your meter and do you line of coke or a spliff for the weekend.
But in answer it is a private ownership now thing is is they should be abiding to the regulations set by ofcom which in turn we set to regulate the service either they fell a sleep or had a bung or two to turn a blind eye and a nod is as good as a wink!

[Elvisted]

If R.M was in such a bad way why's the share price holding up... surely the ultimate determinant.
R.M is not yet classed junk status

[guardianangel]

Why can’t u lot see this has been the plan from day one to split the business up it’s check mate and will happen it will go into admin and the spinx will buy it been a plan now a long time
Wake up

Can someone explain how Royal Mail going into administration relates to the IDS company as a whole.

My understanding is if RM is under administration, its assets/liabilities all get fenced off. So in effect IDS would relinquish ownership over it.

So why would Daniel Kretinsky then buy it, he'll have got what he wanted which is IDS owns GLS, and is no longer burdened by RM or Parcelforce. The share price will probably jump as a result.

Although somebody could buy RM after it enters administration, but they'd have to work out a viable business model first in terms of USO, pay, size of workforce.

Isn't most of the network Royal Mail ,vans,buildings ,infrastucture ,surely that will all be frozen so the parcel side would have to invest in a lot unless they have owner drivers,in my opinion a lot of delivery companies use Royal Mail as an overflow,look what happened xmas other companies were struggling and running at a 2 week delay ,if Royal Mail were going down it would have massive ramifications for the whole delivery sector and a massive effect on business and the economy as we have built our retail sector around this,if the Tories think they have problems with inflation now wait until the whole retail sector is on its knees,watch this space.