Company profits - Covid vs Now

[Delbhoy]

the last bit of postslipettes post about amazon is something that makes my teeth itch . we see 2/3 amazon vans buzzing about our delivery and carrying small pkts while we go to a block of flats with about 6 cases of juice that they lumber on us from them.

[Gingerbread Fred]

the last bit of postslipettes post about amazon is something that makes my teeth itch . we see 2/3 amazon vans buzzing about our delivery and carrying small pkts while we go to a block of flats with about 6 cases of juice that they lumber on us from them.

So your gripe with Amazon is the work they send your way?

[menditsa]

So your gripe with Amazon is the work they send your way?

100% yes

[Delbhoy]

the last bit of postslipettes post about amazon is something that makes my teeth itch . we see 2/3 amazon vans buzzing about our delivery and carrying small pkts while we go to a block of flats with about 6 cases of juice that they lumber on us from them.

So your gripe with Amazon is the work they send your way?

yes it is what about it ?

[ted_e_bear]

the last bit of postslipettes post about amazon is something that makes my teeth itch . we see 2/3 amazon vans buzzing about our delivery and carrying small pkts while we go to a block of flats with about 6 cases of juice that they lumber on us from them.

Yeah I know what you mean, it's annoying, it's because it's more cost effective for them to dump it on us like the other tricky calls where they can't just pull up and doorstep stuff.

[Mr Rush]

the last bit of postslipettes post about amazon is something that makes my teeth itch . we see 2/3 amazon vans buzzing about our delivery and carrying small pkts while we go to a block of flats with about 6 cases of juice that they lumber on us from them.

So your gripe with Amazon is the work they send your way?

You know fine well that, as a bypass network, Amazon is cynically benefitting itself at the expense of the universal service provider. The briefing the CWU sent to MPs last month specifically cites the issue of Amazon dumping unprofitable work onto us.

[scotchy1962]

the last bit of postslipettes post about amazon is something that makes my teeth itch . we see 2/3 amazon vans buzzing about our delivery and carrying small pkts while we go to a block of flats with about 6 cases of juice that they lumber on us from them.

So your gripe with Amazon is the work they send your way?

You know fine well that, as a bypass network, Amazon is cynically benefitting itself at the expense of the universal service provider. The briefing the CWU sent to MPs last month specifically cites the issue of Amazon dumping unprofitable work onto us.

When i left RM i went to a company that reads gas/electric meters, in the area i was covering the company they read the meters for had very few meters and every single one of them were all the worst access or payers, i worked out that the only accounts they could get were the crap passed on by the companies who had the majority of accounts.
So it works in all industries not just RM, someone has to do the crap jobs and all they do is pass it on.

[TopperGas]

the last bit of postslipettes post about amazon is something that makes my teeth itch . we see 2/3 amazon vans buzzing about our delivery and carrying small pkts while we go to a block of flats with about 6 cases of juice that they lumber on us from them.

So your gripe with Amazon is the work they send your way?

You know fine well that, as a bypass network, Amazon is cynically benefitting itself at the expense of the universal service provider. The briefing the CWU sent to MPs last month specifically cites the issue of Amazon dumping unprofitable work onto us.

Do RM really have any obligations under the USO to deliver Amazon's parcels or is it just a business decision to deliver them?

If RM ever stop delivering them then it would lead to mass redundancies at RM.

[Kenfandango]

Amazon, Evri, DPD etc compete with Royal Mail for these contracts. Then for 3 out of 12 months Royal Mail takes their surplus off them to deliver for considerably less than they'd have made if they lowered the price of the contract in the first place.

I heard (about 2 years ago now so this may have changed) that we charge Amazon £1 a parcel, any size, that we'll deliver when they're understaffed/overwhelmed (the Royal Mail motto!) Then we get told to prioritise these over something that's making the company £3

[ted_e_bear]

Amazon, Evri, DPD etc compete with Royal Mail for these contracts. Then for 3 out of 12 months Royal Mail takes their surplus off them to deliver for considerably less than they'd have made if they lowered the price of the contract in the first place.

I heard (about 2 years ago now so this may have changed) that we charge Amazon £1 a parcel, any size, that we'll deliver when they're understaffed/overwhelmed (the Royal Mail motto!) Then we get told to prioritise these over something that's making the company £3

So would you say we'd actually be better off without this work as it sounds as though we're delivering it for a loss and effectively subsidising Amazon ?

[derekm]

Amazon, Evri, DPD etc compete with Royal Mail for these contracts. Then for 3 out of 12 months Royal Mail takes their surplus off them to deliver for considerably less than they'd have made if they lowered the price of the contract in the first place.

I heard (about 2 years ago now so this may have changed) that we charge Amazon £1 a parcel, any size, that we'll deliver when they're understaffed/overwhelmed (the Royal Mail motto!) Then we get told to prioritise these over something that's making the company £3

So would you say we'd actually be better off without this work as it sounds as though we're delivering it for a loss and effectively subsidising Amazon ?

It wouldn’t surprise me if we were subsidising Amazon. They seem to be on top of their game making a lot of money so why not use us and any other company as long as it’s benefiting them.

[Hyrrokkin]

A billionaire does not buy a business unless he sees profit in it - we are being conned.

RM love pleading poverty every chance they get.

To add and correcting myself - he bought the business by loading it with debt did he not ?

[Delbhoy]

A billionaire does not buy a business unless he sees profit in it - we are being conned.

RM love pleading poverty every chance they get.

To add and correcting myself - he bought the business by loading it with debt did he not ?

think very little of his own money was used if any. borrowed from various banks and the debt put on rm books

[TopperGas]

A billionaire does not buy a business unless he sees profit in it - we are being conned.

RM love pleading poverty every chance they get.

To add and correcting myself - he bought the business by loading it with debt did he not ?

think very little of his own money was used if any. borrowed from various banks and the debt put on rm books

However it was funded he's not going to want to spend £3B without hoping to get a good return, otherwise he could have just spent the money somewhere else in Europe.

[yellowbelly]

A billionaire does not buy a business unless he sees profit in it - we are being conned.

RM love pleading poverty every chance they get.

To add and correcting myself - he bought the business by loading it with debt did he not ?

think very little of his own money was used if any. borrowed from various banks and the debt put on rm books

Debt wasn't put onto RM's books according to the big man's testimony in Parliament, the debt sits higher up in the group:

Daniel Křetínský: I really appreciate the question because I have the
opportunity to state very clearly that there is no financial debt at Royal
Mail at all—Royal Mail does not have any financial debt. It has a revolving
banking facility which is unused and is there in case of shrinking working
capital—but there is no financial debt at Royal Mail, and Royal Mail is not
providing any upstream guarantees for our acquisition. There is strictly no
negative impact. On the contrary, there is a positive impact now and in
future. It was one of the requests of the Secretary of State at the time,
Jonathan Reynolds, to capitalise the receivables or intercompany loan that
IDS historically had vis-à-vis Royal Mail. Following the acquisitions, there
was an equity injection into Royal Mail by a capitalisation of that inter-
company loan of more than £700 million, and there has been no additional
burden put on Royal Mail. I am really grateful for the question, because I
wanted the opportunity to clear this up.