POSTMAN wrote: ↑18 Nov 2021, 16:07
3. Does this mean that letters are no longer important to Royal Mail?
We love letters and believe there is an important role for them as part of the UK’s social fabric. But have to acknowledge that letter volumes are down more than 60% since their peak in 2004/5. So, it’s time to start defining what a sustainable USO is for the future.
If letter volumes are down more than 60% since their peak in 2004, why are we not able to deliver it??
We know the answer to that one as there are fewer full time posties, bigger duties and daily lapsing compared to 2004/5. Royal Mail headed into the black with a £220 million annual profit in 2004. https://amp.theguardian.com/business/2 ... vice.money. This this year it was £395-400 million in 2021 https://www.sharecast.com/news/news-and ... 15143.html
So I suppose the answer to defining what a sustainable USO is depends on how profitable Royal Mail are. If the letters business is as unprofitable as they say it is then do they wish to axe the letters service completely and all the revenue that goes with it? Do they wish to abolish the 1st class service?
Or do the company simply want to have their cake and eat it by receiving all the revenue for the letters service but not employ the necessary manpower on a daily basis to deliver it thus saving on costs??
My guess is exactly this and considering the profits they are making - they really should be penalised big time