CWU welcomes 'good news' from Royal Mail

[TrueBlueTerrier]

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CWU today said that Royal Mail's improved financial results were "good news for the industry, the public and the workers who serve them."

The figures, which were released earlier today, indicate increased revenue and rising operating profits, and, although letter volumes have declined, delivery of parcels and packets each increased by equivalent percentage levels.

The union said that this proved once again that a publicly owned postal service can be both sustainable and successful.

CWU deputy general secretary Dave Ward said: "The recent settlement of the pension scheme funding situation has been a major factor, reflecting the success of our campaign."

Dave Ward added that the news proved that workers were "adapting well to some difficult and challenging changes in the industry.

"This industry has faced unprecedented change over the last few years and it's our front-line members who've borne the brunt of this," he explained.

"But they've responded well and, in spite of all the doom and gloom predictions of the death of this sector, there are now some encouraging signs.

"However, our nation's universal postal service remains at risk from the cherry-picking by some of the sector's private operators - and we must remain vigilant to this," Dave warned.

The annual report, which was released by the company today, show Group revenue up by 4 per cent to £9.5 billion from £9.2bn in 2011 and operating profit (after modernisation costs) at £211 million from £39m in 2011.

New industry regulator Ofcom's recent changes to the regulation of postal services and the subsequent stamp price rises announced by Royal Mail took effect from the beginning of April and their impact on Royal Mail's finances will be seen in next year's annual report and accounts.

[hans solo]

im not adapting well to fcuk all

[demon]

how much is our next bouns then dave

[vinnieb5]

can we have our shares back then ? looks like shafted again by RM & CWU again !!!

[cyclemech1]

Looks like Billy and Dave are going for a seat on the board when RM is sold off!

[iceman1277]

can we have our shares back then ? looks like shafted again by RM & CWU again !!!

Yes mate feel shafted again by royal mail and cwu i gave up cwu today dont do f*ck all for us any more :vcfo

[spoodoo]

Thanks for the £60 ,,,thank god our share money helped the profits and the deserving managers ,I'm in heaven ,,

[hazzeem025]

I'm that mad I don't feel like going to work on monday. or tuesday.... makes you sick. £371000 for doing what exactly? does anyone know what a typical day at work entails for moya greene? just curious, she must be doing 20hr days to come out with a bonus like that.

seriously though it stinks, talk about how to demoralise your already demoralised workforce.

Personally think all staff should walk out on friday as a sign of what we think of moyas bonus. even if it's just for 10 minutes, just so rm know exactly how pissed off we are.

[spoodoo]

Won't happen as we have a weak workforce and yells belly bum lockers everywhere!