Company Profits

norris9 · Post by **norris9** » 19 Apr 2020, 17:20

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.

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

Same. Mail doesn't seem to be down at all and packets are up 6x.

bucks123 · Post by **bucks123** » 19 Apr 2020, 17:30

norris9 wrote: Same. Mail doesn't seem to be down at all and packets are up 6x.

Odd, from reading the different comments here, that offices are experiencing different volumes of mail since this started as I would expect it to be fairly consistent due to businesses postponing mailings for the time being. Definite big drop in mail in our DO daily (both mech and IPS) which has balanced the fact that we have so many packets at the moment. I get in and my frame looks like a bombsite with packets everywhere but once I get out I am getting everything done more quickly (due to more people being in for packets and less delivery points for mail). I have only had 1 day when the mech was normal level which was due to a water company mailing hitting a high proportion of delivery points.

cpsteve · Post by **cpsteve** » 19 Apr 2020, 17:46

norris9 wrote:
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.

If Royal Mail turn around and tell me the mail is down I wont believe it
Same. Mail doesn't seem to be down at all and packets are up 6x.

x6 lol no chance

Post by **SpacePhoenix** » 19 Apr 2020, 18:50

cpsteve wrote:
norris9 wrote:
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.

If Royal Mail turn around and tell me the mail is down I wont believe it
Same. Mail doesn't seem to be down at all and packets are up 6x.
x6 lol no chance

What type of area does your DO cover? Town, rural or a mix of both?

Post by **Munchboii** » 19 Apr 2020, 19:22

SpacePhoenix wrote:
cpsteve wrote:
norris9 wrote:
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.

If Royal Mail turn around and tell me the mail is down I wont believe it
Same. Mail doesn't seem to be down at all and packets are up 6x.
x6 lol no chance
What type of area does your DO cover? Town, rural or a mix of both?

My office is split between 10 urban rurals (town rounds but with a van for parcels) and another 10 rurals.

The parcels are worst than christmas. The manager says it is busier than christmas parcels wise. Also factor in that amazon have started sending all their amazon prime parcels with us for my area because we have really good success rates on getting the next day delivery. My round is getting 15-25 specials a day up from 3-10.

Janet Brum · Post by **Janet Brum** » 19 Apr 2020, 20:11

wacko74 wrote: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.

Only 3 weeks ago RM was stating:

Our financial position

The Group's current liquidity position is strong, with good levels of cash and limited financial debt. Currently the Group has in excess of £800 million in cash plus a £925 million Revolving Credit Facility.

from: https://www.royalmailchat.co.uk/communi ... 46#p889746" onclick="window.open(this.href);return false;

With the current parcels volume, even if letters and door to doors are a bit down RM is still making a good profit, even Amazon is dumping their parcels on us, I`m delivering at least 20 of theirs per day from 2-3 before the lockdown.

Of course Rm / Rico will play the poor card soon, especially that we are due a pay rise and CWU asked for a bonus to be paid...

Celgar · Post by **Celgar** » 19 Apr 2020, 20:59

It's busier than Xmas round our way. Saturday before last we had twenty seven York's of mail & parcels waiting for us when the first guys arrived. A usual Saturday would be numbers of York's probably in single figures (we are a small DO.).
Our DOM has a photo of over a thousand York's of mail at HCN recently.
If Rico can't make a profit from this situation he really does need to be taken to vets and put down.

Post by **SpacePhoenix** » 19 Apr 2020, 21:08

Celgar wrote:Our DOM has a photo of over a thousand York's of mail at HCN recently.

Even a large MC like HCN, with over 1k of yorks of mail, they're probably literally out of storage space. I'd imagine that they're sending as much as they can off to the DOs. Are they getting diversions from other offices or diverting stuff themselves?

Post by **SpacePhoenix** » 19 Apr 2020, 21:15

This come up in my Facebook feed, no idea if it's an RDC or one of the larger MCs:

Post

norris9 · Post by **norris9** » 20 Apr 2020, 19:26

Fuel prices crashing.....another reason for RM profits to increase.

Post69 · Post by **Post69** » 20 Apr 2020, 23:09

SpacePhoenix wrote:
Celgar wrote:Our DOM has a photo of over a thousand York's of mail at HCN recently.
Even a large MC like HCN, with over 1k of yorks of mail, they're probably literally out of storage space. I'd imagine that they're sending as much as they can off to the DOs. Are they getting diversions from other offices or diverting stuff themselves?

Yep that's HCN I was there yesterday and it was like digging dry sand on the beach the minute you take 1 or 90 yorks you turn around and the gap you have made had instantly disappeared with more yorks

if royal mail isn't making money out of this with the amount of yorks I'm seeing in different mail centres and RDC's then we will never make money and the last one out needs to switch the lights off

Chelseablue · Post by **Chelseablue** » 21 Apr 2020, 17:35

Even amazons givin there staff 10 % extra on there wage through this.

norris9 · Post by **norris9** » 21 Apr 2020, 18:34

Chelseablue wrote:Even amazons givin there staff 10 % extra on there wage through this.

With the amount of Posties leaving early most days at my depot.....they are basically getting a bonus that way.

Wigglypark · Post by **Wigglypark** » 21 Apr 2020, 18:43

It’s not the amount of York’s that generates profits it’s what is in them. Eg 1 York of trays may have 10000 letters in them let’s say each letter is worth 10 pence to the company, the next York may have 4 large packets in it which earn the company £3 each. Do the maths. Just because there are ten times as many York’s in an office it does not mean ten times the money earned

Chelseablue · Post by **Chelseablue** » 21 Apr 2020, 18:55

At norris- But most arent ,,