Why have the Royal Mail's profits gone down?

[CJStone]

http://www.guardian.co.uk/commentisfree ... ofits-dive

[Wessex]

Some very good points made, and of course overall the group made a profit , one which no-one else has highlighted .

[silly suffolk]

Royal Mail’s profits fell from £180 million in 2009 to £39 million in 2010, a drop of around 78%.

That sounds pretty disastrous, and is one of the reasons given for the impending privatisation of the company.

However, when you start to look more closely at the figures you begin to realise that all is not what it seems.

Read more here: http://hubpages.com/hub/Why-have-the-Ro ... -gone-down" onclick="window.open(this.href);return false;

brilliant article. wish cjstone was in a position of influence, be it rm or cwu

[scoobydo79]

Well, we can all see it ,the author of that article can see it,the public can see it why the F--- cant Royal Mail? Wake up clowns and listen!!! I would have thought after the Consignia F--- up you might have learnt some lessons

[wayoutman]

its all paving the way to privatisation.

RM cannot do anything, its a gov led agenda

[borders]

this part sums it up for me...
"What this does is to show you the mechanism by which the privatisation agenda operates. It splits a unified service into its constituent parts, and hives off the profitable parts, while keeping the unprofitable parts in the public domain. This is in effect a form of public subsidy. That which can make a profit is given over to the spivs and profiteers of the private sector, while the rest of us carry the can for the bits of the economy which can’t make a profit, thus threatening not only the particular services involved, but the cohesion and unity of society as a whole."


we are not "in it all together " like the powers to be would like us to believe.
the spivs will continue to screw us all while they can get away with it.....

[robmacca]

Great article giving real examples of what moderisation means for workers and the general public.