Company Profits

bucks123 · Post by **bucks123** » 19 Apr 2020, 06:11

I would expect RM to be making big profits at the moment but does anyone have a view on this and the future impact on the business?

There may be more factors but I was thinking of the following still coming out as profitable:
- huge increase in packets for time of year
- drop in mail volumes
- staffing costs increase (some offices are paying overtime to cover people sick or self-isolating, our office is also sometimes getting all duties covered to stop lapsing so additional costs)

Post by **wacko74** » 19 Apr 2020, 07:11

Almost impossible to say really, given that RM have always used a supposed lack of profits as a stick to beat the workforce with.

They've also been historically very good at cooking the books to 'hide' profits (anyone recall the year we were due to receive our ''Colleague Shares'' payout, only for the company to make the announcement that they had unexpectedly not made a profit that year, rendering our colleague shares worthless, only for the profits to miraculously return back to normal levels the following year)

Even prior to the CV crisis the company were claiming profits would be hit as they were supposedly investing £1.8 BILLION in Rico's grand plan.. a staggering figure which bears no relation at all to the outlines of the plan.

Even now they're claiming the increase in pkt volumes is actually COSTING the company money due to the high cost of them requiring manual processing and sorting.. all more propaganda to justify the new automated parcel hub proposals.

Chelseablue · Post by **Chelseablue** » 19 Apr 2020, 07:42

Also invested £15 million in ppe remember!

Post by **wacko74** » 19 Apr 2020, 09:01

Chelseablue wrote:Also invested £15 million in ppe remember!

Yes it would be interesting to calculate just how much that works out at per each DO and MC?

Post by **Munchboii** » 19 Apr 2020, 09:34

bucks123 wrote: - drop in mail volumes

It doesn't feel like it! The last week I must have had a nearly 90% call rate on my letters and going to the other 10% with packets and parcels !! Been finishing 30-60 minutes over my time everyday.

Lots of letters from charities doing corona virus appeals and sooo many medical letters. Lots of flats as well to do with selling gardening/DIY brochures obviously targeting people at home all day. And also getting s**t tons of hand written cards/letters obviously about people writing letters know to pass the time or to check up on relatives!!

If Royal Mail turn around and tell me the mail is down I wont believe it

cpsteve · Post by **cpsteve** » 19 Apr 2020, 09:53

Munchboii wrote:
bucks123 wrote: - drop in mail volumes
It doesn't feel like it! The last week I must have had a nearly 90% call rate on my letters and going to the other 10% with packets and parcels !! Been finishing 30-60 minutes over my time everyday.

Lots of letters from charities doing corona virus appeals and sooo many medical letters. Lots of flats as well to do with selling gardening/DIY brochures obviously targeting people at home all day. And also getting s**t tons of hand written cards/letters obviously about people writing letters know to pass the time or to check up on relatives!!

If Royal Mail turn around and tell me the mail is down I wont believe it

Our office has had very few letters only three people needed to sort them instead of the normal six, packets have increased its been offset by not needing to wait for signing and walking away as soon as you hear someone is in and most are in so ive been doing more and finishing earlier. The drop in letters can not be argued they know the numbers because the sorting machines tell them.

cpsteve · Post by **cpsteve** » 19 Apr 2020, 10:01

Sick pay is costing a huge amount, i expect the company are doing well enough i hope they dont expect us to be able to deliver the volume of packets we are when the old rules on delivery return.

Route1 · Post by **Route1** » 19 Apr 2020, 10:38

Less income / additional costs
- drop in letter volume
- less / no D2Ds.
- No lapsing
- Additional sick leave
- o/t to cover other walks or extra parcels

Increased income
- parcels
- boris letter

We are finishing on time which is due to either people are home so less time waiting at doorstep or less call rates due drop in letters. Not lapsing helps too.

One person to a van means it takes longer to finish a van share duty as the passenger walks everywhere. Some passengers dont come to the office at all. They start at the first delivery point and go home when finished the last letter. Driver ties down both frame etc.

knackeredneedadayoff · Post by **knackeredneedadayoff** » 19 Apr 2020, 11:11

our office volumes up over 100% worse than crimbo with only 75% staff

wazer · Post by **wazer** » 19 Apr 2020, 11:17

Its worse than xmas in our office.Managers firefighting everyday,no planning.letters up, parcels up,walks left for days,not enough vans (to many posties with RM liecences).Ppe fine socail distancing a bit of ajoke. why they dont change shifts if staff want it.I offered to go in later but on agreement walk ready to go (tgats not going to happen)

Post by **SpacePhoenix** » 19 Apr 2020, 11:34

Staffing will be worse in MCs as there's a limit as to how many extra staff a MC can get in without compromising the 2m rule. For DOs you've at least go the option of staggered attendance times and once you're out on delivery, there's less risk. Also in DOs there's the opportunity for them to get a really good clean in the evening/overnight every day

Post by **RobertT** » 19 Apr 2020, 12:41

SpacePhoenix wrote:Staffing will be worse in MCs as there's a limit as to how many extra staff a MC can get in without compromising the 2m rule. For DOs you've at least go the option of staggered attendance times and once you're out on delivery, there's less risk.

Also in DOs there's the opportunity for them to get a really good clean in the evening/overnight every day

A2B · Post by **A2B** » 19 Apr 2020, 12:59

RobertT wrote:
SpacePhoenix wrote:Staffing will be worse in MCs as there's a limit as to how many extra staff a MC can get in without compromising the 2m rule. For DOs you've at least go the option of staggered attendance times and once you're out on delivery, there's less risk.

Also in DOs there's the opportunity for them to get a really good clean in the evening/overnight every day

Sweet Jesus!

Post by **aiden01** » 19 Apr 2020, 16:25

SpacePhoenix wrote:Staffing will be worse in MCs as there's a limit as to how many extra staff a MC can get in without compromising the 2m rule. For DOs you've at least go the option of staggered attendance times and once you're out on delivery, there's less risk. Also in DOs there's the opportunity for them to get a really good clean in the evening/overnight every day

Nonsense mc is packed with extra staff as for 2meter rule whos policing it certainly not the staff or casuals/agency nor the cwu i might add. Though i must say its announced over the tannoy every hr to observe 2m rule nobody seems to hear it.

HA1 · Post by **HA1** » 19 Apr 2020, 16:49

aiden01 wrote:
SpacePhoenix wrote:Staffing will be worse in MCs as there's a limit as to how many extra staff a MC can get in without compromising the 2m rule. For DOs you've at least go the option of staggered attendance times and once you're out on delivery, there's less risk. Also in DOs there's the opportunity for them to get a really good clean in the evening/overnight every day
Nonsense mc is packed with extra staff as for 2meter rule whos policing it certainly not the staff or casuals/agency nor the cwu i might add. Though i must say its announced over the tannoy every hr to observe 2m rule nobody seems to hear it.

Spot on, the CWU talk the talk but nothing happens