Was the holiday back pay figures included in the financial results?

[cobrakai]

A cynic would think it’s a “coincidence” that the back pay was paid out on 8th October so it wasn’t included up to 26th September.

If there was circa 100k postal workers getting say a average of £500 it’s £50m 10 percent of the profits. If it was a average of £1000 it’s £100m so 20 percent. A huge outlay.

I don’t know if it was mentioned at all in the report.

[Clappedoutpostie]

It will be in the final year accounts.

[POSTMAN]

Costs
Total adjusted operating costs in the first half of this year were down 3.0% compared with the first half of last
year. This was largely driven by actions taken last year to reduce costs, restructuring charges in the prior year
and a reduction in costs related to the COVID-19 pandemic. These were partially offset by the frontline pay
award and investment in areas such as transformation, service and convenience, along with operational cost
pressures.

People costs were down 4.4% year on year, including a £56 million benefit from the management restructure
programme which commenced last year; the first half of 2020-21 also included a one-off charge of £140 million
associated with the programme. We have also seen the initial benefits of the Pathway to Change agreement.
11

These were partially offset by pay, costs associated with working time regulation on holiday pay and operational
cost pressures.???

Part of this increase in operational costs was anticipated as a result of services resuming after COVID-19
restrictions were eased – for example, at the start of the pandemic, Post Offices and businesses were closed,
reducing the number of collections that were made - or due to social distancing measures (which did not
commence immediately at the start of the pandemic but have existed for a prolonged period this financial
year). However, part of the increase was due to the re-opening of the UK High Street earlier this year, which
occurred more rapidly than we anticipated, and which had a more immediate impact on parcel volumes. We
were slower to react to these lower than expected volumes than we would have liked. In addition, whilst Q1
absence levels were lower versus the same period in the prior year, there has been a step up in absence in Q2
compared to last year.

Non-people costs rose by 0.4% year on year. We are on track with our two-year non-people cost savings, with
a £42 million saving in non-people costs in the first half, against an expected in year benefit of £110 million
this year.
Variable costs in distribution and conveyance increased year on year,

The big bit??

[worktotime]

to be honest with the criteria there have agreed ( 8 hours per month ) there wont have to pay much out as most posties wont get it. but heho lets see if the e/t and all our claims against the company can change that in court