Royal Mail boss: We are bust

[TrueBlueTerrier]

http://www.thesun.co.uk/sol/homepage/ne ... -bust.html" onclick="window.open(this.href);return false;

THE new boss of ROYAL MAIL claims the postal operator is essentially BUST — and thousands more jobs need to go.

Chief exec Moya Greene has warned Royal Mail had to get "smaller" to survive a huge fall in the amount of mail it sends.

Grim results today showed the business lost £120million in 2010-2011 — £2million a WEEK.

And Royal Mail believes the size of the post bag will fall by 25 PER CENT in the next five years.

Ms Greene said she needed to press on with plans to axe up to 30 mail centres around the country in the next four years.

She admitted more jobs would go - in words that could spark a fresh showdown with union leaders.

She said: "I don't want to talk numbers yet. But it's fair to say with the decline in our volumes we are going to be smaller."

The Canadian tore into UK regulator Postcomm - saying the amount of red-tape faced by Royal Mail was unheard of anywhere in the world.

She added that unless Postcomm allowed Royal Mail to compete more effectively with rivals such as TNT and UK MAIL the situation would only get worse.

She said: "If we don't get the structural change things can only get worse. The taxpayer will be asked to foot a huge bill."


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[Darren Bent]

Who can tell how much mail there will be in 5 years lol. They can't even tell us how much next week.

[mail boy]

Who can tell how much mail there will be in 5 years lol. They can't even tell us how much next week.

[fishtank]

These figures include the investment being made in modernisation; excluding this investment group-wide profit stood at £246m up from £180m the previous year..

[flaminmoses]

they are using the same stick on us as they are with postcomm.

time for a proper strike.........

[watdeadlyone]

Wish us posties could see a 20% drop in the mail we are delivering each week. Our office figures for last year showes a 0.05% drop in the year(only 16000 less delivered than last year)

Someones cooking the books Moya and it`s not the posties

[Wessex]

We are bust ....

Then resign and get someone in who can do the job and ps hand back your wages before you go

[Wessex]

She added that unless Postcomm allowed Royal Mail to compete more effectively with rivals such as TNT and UK MAIL the situation would only get worse.

Right so all we need do is find a company that will take all of our mail and then have them deliberately deliver it all at a massive loss on each item.Over to you then Post Con.

[edwardo]

we are bust but moya still gets £142, 000 bonus and how much money is wasted fixing the failed park and loop carry on , she must live on cloud cuckoo land along with her cronies , but the posties always get the blame ps is there such a thing as a cuckoo in canada or just a thing called a moose !

[DGP1]

If it's really as bad as they say then I'll bung them a tenner and take it off their hands

[westlondonpostie]

f**k Me, She's only been in charge a couple of months and we're already bust, Who the f**k hired this dopey mare.

[Wessex]

In one way I would welcome privatisation because it would end this seemingly endless charade and then I could say .... told you so

[fishtank]

Didn't Leighton say we were bust when we were burning a million a day?

[Wessex]

f**k Me, She's only been in charge a couple of months and we're already bust, Who the f**k hired this dopey mare.

I think it was a sort of house swap - they got Leighton ...

[jockstrapp]

Once again they say we need to get rid of jobs......................................WELL GIVE ME F#CKIN REDUNDANCY................ i've asked often enough.