RM having Cash Flow/Loan Repayment Problems ??

[SpeedFreakPostie]

Not sure where i should post this chaps so i'll do it here if that's ok.

We had a WTL last week & they we're telling us that RM are asking the government to suspend repayments of it's loan.
They are also telling us RM will be insolvent by Xmas if this don't happen.
Well excuse me RM but aren't you spending millions so we can all have shared van duties.
Aren't you spending millions on new uniform issue etc, etc, etc.

tell ya what this sounds like guys.
Say i owed me mate twenty nicker, i say to me mate" Sorry chap but i can't give you that 20 nicker i owe ya just yet"
What i don't tell him is i've got 100 nicker in me pocket but i want that for something else.
Am i right, think so.

[fishtank]

We had a WTL last week & they we're telling us that RM are asking the government to suspend repayments of it's loan.

Financial liabilities
2010
..........................................................Loans and borrowings..£M
Amounts falling due in:
One year or less or on demand (current)..............388
More than one year but not more than two years......0
More than two years but not more than five years...301
More than five years......................................837
Total.......................................................1,526

[dvbuk55]

We had a WTL last week & they we're telling us that RM are asking the government to suspend repayments of it's loan.

Financial liabilities
2010
..........................................................Loans and borrowings..£M
Amounts falling due in:
One year or less or on demand (current)..............388
More than one year but not more than two years......0
More than two years but not more than five years...301
More than five years......................................837
Total.......................................................1,526

Hope that includes my wages for the next few months ft

[TrueBlueTerrier]

Important topic and I thik we have had one thread before, but spilt posts and started new thread in Union room.

[stokes11eg]

More scare tactics.Maybe they are having financial problems, but, will lthe government let what is still a golden egg to them flounder? There is more to this than meets the eye.
And why are they not going public with this?

[AnotherLimey]

RM made great profits last year, company doing good despite DSA and global recession, senior managers pat on the back and bonuses

Goverment want to sell us off and a few months later, RM skint, can not pay wages without a loan, doom and gloom, the propaganda begins

Am i the only one not fooled by this

[TrueBlueTerrier]

RM made great profits last year, company doing good despite DSA and global recession, senior managers pat on the back and bonuses

Goverment want to sell us off and a few months later, RM skint, can not pay wages without a loan, doom and gloom, the propaganda begins

Am i the only one not fooled by this

Nope its happened every time privatisation has reared its ugly head: 14 May 2008

Royal Mail 'must be privatised' to stop it haemorrhaging money, says post office regulator

[pinstripe]

Hey, my Delivery Supplement of £15.45 a week is really burning a hole in my pocket. I just don't know what to spend it on. I suppose I could be persuaded to loan it to RM at a very reasonable rate. 20,000% per week sounds good, but will RM go for it?