Glenno wrote:The facts are this if Royal mail was a private company it would be insolvent. Thats why this change was neccesary and why the union got the best deal possible. The majority of those voting accepted this , and the rest who didt vote either just accepted the agreement or could not care. But lets face it come this Thursday any govenement would be happy with a 67% vote of those who voted as a mandiate.
Looking into my crystal ... the new Government of the day will conjure up a White Paper
enabling the Full Privatisation of RM.. minus the Pension Deficit.. allowing RM full
comercial freedom.. look at all those millions of pounds that RM will not be liable for
can we then go back and negotiate another Agreement
The 3.5% in 2012 can be increased
BD
I know you know about the possibility of Cherry-Picking the PSB
Which ever Govt is in Power, still had to laugh thou
dingo wrote:With Royal Mail`s new pesnion defcit being 10 billion , and the loan to the government not being paid for 3 years what nutter is going to buy Royal Mail totally ?
No one is going to go for full privitsiation as it is not viable for any company.
The only show in town and the tories are also onto this is to re shape the Hooper report and a partial privitsation but with the Government still holding 51% of the company. Even then the fact is that would need the Govenment to take over the pension defcit. However with the state of public finances then who knows whether it would want to take over more protential debt. It is far more like that the Post Office will recive an agreement to repay the defcit over 30 or 40 years rather than 17 years as of now.
Look the financial plan mean that with the amount of VRs, the benefits package and the purchase of CDVs they dont expect to starting making any profit until year 4 of the transformation. Even then 1% reduction in traffic would mean the plan is off target to appoxmately 40 million.
Some of you get blinded by the fact the group profit is high but that includes money from the govenment etc. Royal Mail letters was only 50 million and in a company with a 7 billion turn over not great and that does not include the loan repayment to the govenment.
The facts are this if Royal mail was a private company it would be insolvent. Thats why this change was neccesary and why the union got the best deal possible. The majority of those voting accepted this , and the rest who didt vote either just accepted the agreement or could not care. But lets face it come this Thursday any govenement would be happy with a 67% vote of those who voted as a mandiate.
surely if all playing fields were level and anyone in the mail market had to deliver uso then royal mail letters would be in better position it is this goverment that has handicapped us with this dsa if we were privitisied then that would probably lift this crazy situation where we can only charge our competitiors less money too deliver their mail and they would have to deliver their own mail but as it stands we are in the sh*t because we are beign forced to loose 40% buisness to our competitors and therefore we will continue to suffer from this crazy deal
smileski wrote:just to skip back to the original question, does anyone know when the yearly profits will be announced?
Looking back at past dates on their website it looks like they do a news release of them around Mid May each year with the audited figures themselves coming out later.
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smileski wrote:just to skip back to the original question, does anyone know when the yearly profits will be announced?
Looking back at past dates on their website it looks like they do a news release of them around Mid May each year with the audited figures themselves coming out later.
Cool, thanks TBT. I think this years results could be very interesting..........
just wait and see wont be long before all these managers drive into work with brand new motors, and what do we end up with for all our extra work xxx flipping ACID ASSE
