a very fluffychat or Hellmail defence/ justification for / of the Business - Parcels and Packets , Door to Dustbin are up , the other interesting bit is the revenue on them is up , profits are down which either means RM is losing money on them , the postage prices are possibly too low and/or don't reflect the true cost of processing & delivery especially with less cross subsidy from clean Business Mail without foreign postal company PPI indices on - or there's something else ? in the equation ? .BELIAL wrote:Who is ignoring "hard facts" . What 88% of respondents are saying is that they are delivering more items daily. The number of items stuck through letterboxes is about as hard fact as you can get. Seems this does not tally with official statistics, but establishment figures are in general increasingly distrusted especially when they directly contradict daily experience.Maybe there is a flaw in the system, and, as, if stated a DO can receive 30% of it's daily traffic uncounted by a mailcenter does this have huge revenue implications?
The best example of "creative accounting " ( though legal no matter how morally reprehensible ) was something Fozziebear mentioned about RM's profits going down 86% but there was an issue over RM directors having their "well deserved " bonuses held back
there was another massive daily loss years ago but that was due to paying off the managers off , when RM had a unheard of in business 17 layers of management and the managerial high headcount was due to a hangover from the jobs for the boys in the 90's .
The Union had been suspicious of this RM Creative Accounting School and this was confirmed in a Guardian article - some of the losses were in actuality a operating after tax profit - the other profits were not as high as RM would have people believe .
Some of the losses were immediately stopped as soon as Leighton got permission to put a penny on stamps from Postcon
Sorry but most of the lads on here have been around too long and I'm inclined to go along with them