lovejoy Posted February 23, 2009 Share Posted February 23, 2009 balance sheet insolvent apparently. wtf?? Link to post Share on other sites More sharing options...
Decky Posted February 23, 2009 Share Posted February 23, 2009 A chunk of it is being privatised aswell isnt it? The cunts fucked me off today aswell, went at 2pm to get a parcel from the local sorting office, and if you dont mind, they took a 2 hour lunch, which they do everyday. For 2 fucking hours the place is shut, surely 12:30 to 2:30 would be amongst their busiest times in a sorting office as people might want to collect items during their lunch. I dont see how someone couldnt have covered those hours or else took different lunch hours. It takes 1 person to work the front of the office to give people their goods ffs. Link to post Share on other sites More sharing options...
Liam Liam Liam O Posted February 23, 2009 Share Posted February 23, 2009 http://news.bbc.co.uk/1/hi/business/7906820.stm Link to post Share on other sites More sharing options...
Guest toonlass Posted February 23, 2009 Share Posted February 23, 2009 A chunk of it is being privatised aswell isnt it? The cunts fucked me off today aswell, went at 2pm to get a parcel from the local sorting office, and if you dont mind, they took a 2 hour lunch, which they do everyday. For 2 fucking hours the place is shut, surely 12:30 to 2:30 would be amongst their busiest times in a sorting office as people might want to collect items during their lunch. I dont see how someone couldnt have covered those hours or else took different lunch hours. It takes 1 person to work the front of the office to give people their goods ffs. Think yourself lucky, our sorting office is open from 7.45am to 11.45am and that is it. Not at all in the afternoon, and you are buggered if you try to get through on the phone. Absolute joke! Link to post Share on other sites More sharing options...
Cajun Posted February 23, 2009 Share Posted February 23, 2009 *Touch wood* our post is actually quite good. Had something sent on Saturday and it arrived today, happens quite often. Link to post Share on other sites More sharing options...
indi Posted February 24, 2009 Share Posted February 24, 2009 Hardly surprising really added to the kind of thing Decky describes they run a whole load of shops that sell nothing anyone would ever want to buy. Just one of a number of UK companies that still think it's the fifties. Even their adverts "celebrate" their tawdriness. And they wonder why they're not making any money!?! This was always going to happen. Link to post Share on other sites More sharing options...
Liam Liam Liam O Posted February 24, 2009 Share Posted February 24, 2009 Hardly surprising really added to the kind of thing Decky describes they run a whole load of shops that sell nothing anyone would ever want to buy. Just one of a number of UK companies that still think it's the fifties. Even their adverts "celebrate" their tawdriness. And they wonder why they're not making any money!?! This was always going to happen. Woolworths. Link to post Share on other sites More sharing options...
ikri Posted February 24, 2009 Share Posted February 24, 2009 Our Beloved Government have been quietly setting Royal Mail up for privatization for a few years now. "Opening up competition" was just a code phrase for allowing rival companies to offer the same services for a lower price whilst forcing Royal Mail to maintain an uncompetitive price. Each year Royal Mail has been making less & less money and it's reached the point now where they're technically insolvent due to the pensions they have to fund. Dear Leader will now tell us that we have no choice but to allow private investment into Royal Mail to balance the books. Expect a few current Labour ministers to turn up on the boards of the private investors after the next election. Fuck knows what happened to this Labour government, they're trying to out tory the tories. Link to post Share on other sites More sharing options...
Belfast Boy Posted February 24, 2009 Share Posted February 24, 2009 Our Beloved Government have been quietly setting Royal Mail up for privatization for a few years now. "Opening up competition" was just a code phrase for allowing rival companies to offer the same services for a lower price whilst forcing Royal Mail to maintain an uncompetitive price. Each year Royal Mail has been making less & less money and it's reached the point now where they're technically insolvent due to the pensions they have to fund. Dear Leader will now tell us that we have no choice but to allow private investment into Royal Mail to balance the books. Expect a few current Labour ministers to turn up on the boards of the private investors after the next election. Fuck knows what happened to this Labour government, they're trying to out tory the tories. To be fair to Royal mail, can you find me another company who will deliver a document to the other end of the country in a day or two for less than a pound? Link to post Share on other sites More sharing options...
Dr. Nguyen Van Falk Posted February 24, 2009 Share Posted February 24, 2009 A chunk of it is being privatised aswell isnt it? The c***s f***ed me off today aswell, went at 2pm to get a parcel from the local sorting office, and if you dont mind, they took a 2 hour lunch, which they do everyday. For 2 f***ing hours the place is shut, surely 12:30 to 2:30 would be amongst their busiest times in a sorting office as people might want to collect items during their lunch. I dont see how someone couldnt have covered those hours or else took different lunch hours. It takes 1 person to work the front of the office to give people their goods ffs. That "2 hour lunch" is when they're dealing with the postmen returning from delivery. It says on the back of the card when the office is open, if you go at a time when it's shut then thats tough shit. Link to post Share on other sites More sharing options...
kingkerouac Posted February 24, 2009 Share Posted February 24, 2009 It's not just rural POs that are shite. My local PO in London is shit. I once had to send a very valuable parcel (crystal) through the post and I decided to send it registered so that it was insured (up to £1000). The arsehole behind the glass asked me if instead I wanted to get the package there before 9am. I said yes. What he failed to tell me what that this only covered me up to £50. Anyway, even though I printed out and stuck huge red FRAGILE stickers over the package, it tuned up a day later smashed to pieces. I tried through, I think it's Postwatch or Mailwatch, to get the full compensation for their fuckheadedness, but to no avail. Cunts. Link to post Share on other sites More sharing options...
Decky Posted February 24, 2009 Share Posted February 24, 2009 A chunk of it is being privatised aswell isnt it? The c***s f***ed me off today aswell, went at 2pm to get a parcel from the local sorting office, and if you dont mind, they took a 2 hour lunch, which they do everyday. For 2 f***ing hours the place is shut, surely 12:30 to 2:30 would be amongst their busiest times in a sorting office as people might want to collect items during their lunch. I dont see how someone couldnt have covered those hours or else took different lunch hours. It takes 1 person to work the front of the office to give people their goods ffs. That "2 hour lunch" is when they're dealing with the postmen returning from delivery. It says on the back of the card when the office is open, if you go at a time when it's shut then thats tough shit. Well the sign they stuck onto their front gate says they are out to lunch. Also would it be so hard to put 1 person in the office? Even hiring someone to work part time from 12 to 3 every weekday would sort out that issue. Link to post Share on other sites More sharing options...
Dr. Nguyen Van Falk Posted February 24, 2009 Share Posted February 24, 2009 A chunk of it is being privatised aswell isnt it? The c***s f***ed me off today aswell, went at 2pm to get a parcel from the local sorting office, and if you dont mind, they took a 2 hour lunch, which they do everyday. For 2 f***ing hours the place is shut, surely 12:30 to 2:30 would be amongst their busiest times in a sorting office as people might want to collect items during their lunch. I dont see how someone couldnt have covered those hours or else took different lunch hours. It takes 1 person to work the front of the office to give people their goods ffs. That "2 hour lunch" is when they're dealing with the postmen returning from delivery. It says on the back of the card when the office is open, if you go at a time when it's shut then thats tough s***. Well the sign they stuck onto their front gate says they are out to lunch. Also would it be so hard to put 1 person in the office? Even hiring someone to work part time from 12 to 3 every weekday would sort out that issue. Postmen get 2 20 minute meal reliefs, not 2 hours. And yes it would, considering every one in the office has a particular role to play and there are no spares to fill in here and there. It's the higher ups fault for cutting costs back so much that the people who serve you in the callers are the same people who deliver your mail. Link to post Share on other sites More sharing options...
cp40 Posted February 24, 2009 Share Posted February 24, 2009 Posts not too bad, here,.. but i would appreciate it more, if my postie didnt keep opening it looking to thieve cash. Link to post Share on other sites More sharing options...
WarrenBartonCentrePartin Posted August 11, 2009 Share Posted August 11, 2009 the postman's just been and put a thing through the door saying there's something that was too big for the letterbox for me. He didn't even bother trying to ring the door bell to see if anyone was in, and the bit of card says I can't pick it up until tomorrow. Fucking champion, that. Link to post Share on other sites More sharing options...
Gash Posted August 11, 2009 Share Posted August 11, 2009 Atleast yours aren't on strike when your new phone is meant to be arriving! Link to post Share on other sites More sharing options...
Dave Posted August 11, 2009 Share Posted August 11, 2009 the postman's just been and put a thing through the door saying there's something that was too big for the letterbox for me. He didn't even bother trying to ring the door bell to see if anyone was in, and the bit of card says I can't pick it up until tomorrow. Fucking champion, that. Ours does the same. Link to post Share on other sites More sharing options...
pedro111 Posted August 11, 2009 Share Posted August 11, 2009 I have to say that the post round here is usually spot on. My postman is class tbh but I dont know how hes so bloody fat!! Dont they walk like 6 miles a day?!?!? He must be at least 25 stone. He must eat Big Macs for breakfast or something. Link to post Share on other sites More sharing options...
Gash Posted August 11, 2009 Share Posted August 11, 2009 My postman is awesome, when he isn't striking! It's my friends uncle, he even drops anything that needs signing for off at my mum's work on his route home, he knows that he gets good tips at Christmas! Link to post Share on other sites More sharing options...
Greg Posted August 11, 2009 Share Posted August 11, 2009 My postman at home is quality, have had the same postie for 24 years mind. Link to post Share on other sites More sharing options...
Rob W Posted August 12, 2009 Share Posted August 12, 2009 If you run the thing like a business it'll never make money as you have to account for pensions and the requirement to deliver everywhere for the same price just isn't businesslike the problem goes back to the days when the Post Office ran the phones - it was turned into a business so it could be split in the Post Office and BT and the later sold off. We're now left with a "business" that is really a Social Service - and the numbers look terrible and so it's a great stick to beat any Govt Link to post Share on other sites More sharing options...
Dr. Nguyen Van Falk Posted August 12, 2009 Share Posted August 12, 2009 Numbers look terrible? £198M profit last year... Link to post Share on other sites More sharing options...
Rob W Posted August 12, 2009 Share Posted August 12, 2009 From the Chairmans Statement to teh 2009 Accounts:- There is an urgent need to tackle the escalating legacy pension fund deficit so that the financial benefits of modernisation and greater efficiency can flow through to our customers in the form of better services rather than being absorbed by unsustainable payments into a volatile fund. • Although overall revenue rose in 2008-09, in Royal Mail Letters it fell by £123 million – nearly 2% - despite postage price rises in April 2008 averaging around 5%. This income fall was largely driven by a fall in mail volumes of 5.5% – a steep increase on the 3.2% fall the previous year. • The average daily mailbag now holds just over 75 million letters, packets and parcels compared to 84 million three years ago in 2006, with e-substitution driving much of the loss as more customers switch from letters to email and the web. • The exceptionally tough economic climate and the structural change in the way people and businesses communicate mean that volumes are likely to decline by up to 10% in 2009-10 as businesses - which send around 90% of all mail – tighten their belts. Revenue has also continued to suffer from downtrading as customers switch from premium products like First Class to lowerpriced services. • Although volumes in the overall mail market are falling, competitors have increased their own mail volumes with almost one in three of all letters now being collected and trunked by rivals before being presented to Royal Mail to deliver over the final mile under the business’s access arrangements. The volume of this access mail rose by 30% last year – to 5.3 billion items - and Royal Mail continues to lose money on every item of this mail because of the uneconomic price we have to charge under the current regulatory framework. • The one-price-goes-anywhere Universal Postal Service which involves collection of any stamped letter posted in any of our 114,000 postboxes for delivery under our six-days-a week service to the UK’s 28 million addresses – made a loss for the first nine months of the year of around £100 million1. We know that completing our modernisation plans in the Letters business is essential in order to secure the future of this vital service which only Royal Mail provides. • Cashflow is now negative with a cash outflow in the year of £373 million driven by continued investment in our operations and payments into the pension funds. Total cash paid into the pension funds in the year was £823 million. The pension reforms introduced in April 2008 and the change in market conditions had a materially beneficial effect at the operating profit level. Pensions 26. Employee benefits – pensions The Group operates pension schemes as detailed below. Scheme Eligibility Type Royal Mail Pension Plan (RMPP) UK employees Defined benefit Royal Mail Senior Executive Pension Plan (RMSEPP) UK senior executives Defined benefit Royal Mail Retirement Savings Plan (RMRSP) UK employees Defined contribution Royal Mail Defined Contribution Plan (RMDCP) UK employees Defined contribution Various other small-scale schemes operated by overseas subsidiaries Overseas subsidiary employees Defined contribution Defined Contribution A charge for the defined contribution schemes of £2m (2008 £2m) was recognised in operating profit before exceptional items within the income statement. The Company contributions to these schemes was £2m (2008 £2m). A new defined contribution plan (RMDCP) was launched in April 2009. New recruits joining from 31 March 2008 will be able to begin paying contributions to the new plan after they have worked for the Company for a year. Defined Benefit Both RMPP and RMSEPP are funded by the payment of contributions to separate trustee administered funds. The latest full actuarial valuations of both schemes have been carried out as at 31 March 2006 using the projected unit method. For RMPP, this valuation has been concluded at £3.4bn deficit. For RMSEPP, the valuation has been concluded at £43m deficit. P Link to post Share on other sites More sharing options...
Haz Posted August 12, 2009 Share Posted August 12, 2009 All the profits are in the pockets of the thieving bastards who nick everything of value that gets posted. Link to post Share on other sites More sharing options...
indi Posted August 12, 2009 Share Posted August 12, 2009 They could make a serious profit our of their retail business if they weren't utterly shit. That'll never happen like and they'll go the way of Woolworths another traditionally shite British business. Link to post Share on other sites More sharing options...
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