RM before 1pm item not delivered

Tony Edwards said:
They will not go bust if they stop handing out bonuses to upper management and share dividends instead.
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Those bonuses are being paid because of one good year during the pandemic. That was not the norm. This year, Royal Mail looks like it will lose £350 million. If there are no changes to working practices then there is a very real risk Royal Mail could go bust.

There is talk of International Distribution Services selling off Royal Mail and if that happens there will be many job loses. Taking the 7%+ pay rise in exchange for modernization would be the sensible decision if the Royal Mail workers actually want to have jobs long term.

No business can survive taking on loses of that scale for long.
 
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lovelyhead said:
Those bonuses are being paid because of one good year during the pandemic. That was not the norm. This year, Royal Mail looks like it will lose £350 million. If there are no changes to working practices then there is a very real risk Royal Mail could go bust.

There is talk of International Distribution Services selling off Royal Mail and if that happens there will be many job loses. Taking the 7%+ pay rise in exchange for modernization would be the sensible decision if the Royal Mail workers actually want to have jobs long term.

No business can survive taking on loses of that scale for long.
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RM were making 100s of millions profit every year infact I think they made 300m the year before sell off and that went to the government funds. They then undersold it to the private sector and all of a sudden...
 
lovelyhead said:
No business can survive taking on loses of that scale for long.
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Might have been a good idea to put aside some of the hundreds of millions they made every year until this year. Perhaps used some of that modernisation?

But now suddenly modernisation is absolutely necessary, and the workers have to pay for it?

The workers are quite rightly telling the incompetent management of RM to shove it.
 
One More Solo said:
Royal Mail has paid out £2bn to shareholders since privatisation but now they’re losing money it’s the workers that have to fix it. Seems about right.
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Its a common theme on companies that go bust after running for a while they go quickly from profit to loss making, then suddenly go bust with never the question been asked why werent the previous profits available to ride it through a rough patch, the answer probably been because shareholders have stripped it out of the company and dont want to put it back in.

The old capitalise profits, socialise losses.

On the cant pay we will take it away show, so many companies get liquidated just because they dont want to pay debt.
 
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GaryTheSnail said:
I do remote support B2B and there's companies now that just don't want to pay. I've seen their bank accounts and some of them are earning millions but don't want to pay a 5K invoice.
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I have noticed on the show they more lenient on consumer debt, with B2B you can see from experience they know most of the time the debtor is playing a game.
 
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chrcoluk said:
Did you read news misreporting it, the offer is over multiple years. So still way below inflation.
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I know this is a poor argument. And we shouldn't be accepting it... But I've never had a inflation matching pay rise just to match inflation.

It wasn't until I started job changing that I really accelerated in monetary terms.


2012-2019 27-34 years of age. From 21k to 28k = 2 jobs

2019-2022, 34-37, years of age. From 29k - 50k = 5 jobs (ended 29k one in 2019 and start the 50k one this month)


Never got anything but token amounts sticking around. Loyalty does not pay. Even with things like changing your bank, or mobile provider.
 
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413x said:
I know this is a poor argument. And we shouldn't be accepting it... But I've never had a inflation matching pay rise just to match inflation.

It wasn't until I started job changing that I really accelerated in monetary terms.


2012-2019 27-34 years of age. From 21k to 28k = 2 jobs

2019-2022, 34-37, years of age. From 29k - 50k = 5 jobs (ended 29k one in 2019 and start the 50k one this month)
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I dare say for that sort of pay rises your responsibility increased 10 fold.
 
GaryTheSnail said:
I dare say for that sort of pay rises your responsibility increased 10 fold.
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No it hasn't. Skills yes. Responsibility. Maybe this one. But not until now. Just being in an in demand sector

Each job I've picked up a new skill.
 
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413x said:
I know this is a poor argument. And we shouldn't be accepting it... But I've never had a inflation matching pay rise just to match inflation.

It wasn't until I started job changing that I really accelerated in monetary terms.


2012-2019 27-34 years of age. From 21k to 28k = 2 jobs

2019-2022, 34-37, years of age. From 29k - 50k = 5 jobs (ended 29k one in 2019 and start the 50k one this month)


Never got anything but token amounts sticking around. Loyalty does not pay. Even with things like changing your bank, or mobile provider.
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I don’t know how you can deal with all that job changing - I mean fair play, I have mates that do it too. But I’ve been in the same government job for 13 years and the very thought of even looking outside that is exhausting. I think it’s fair to say that all work ethic and self drive has been sapped away :p
I’d go batty if I changed jobs that many times in such a short period.
 
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GaryTheSnail said:
Skill Ninja. Is it in tech? or sales ?

Hold on wait..... you work for Evri? One of those stealing everyone's parcels? No wonder your salary has increased like that!
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Tech.

I'm fortunate that my main skill set.is in a piece of software that isn't difficult to use. But I've been working with it for years. And it's basically gifted me pay rises.

This is by luck, not skill!
 
GMac11 said:
I don’t know how you can deal with all that job changing - I mean fair play, I have mates that do it too. But I’ve been in the same government job for 13 years and the very thought of even looking outside that is exhausting. I think it’s fair to say that all work ethic and self drive has been sapped away :p
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I have no issue with it. I actually get bored quite quickly. Only thing that makes me anxious is lack of "savings" I've managed to get to a point where even a year out of work I'd still have cash for mortgage. Granted I might have nothing left, and probably be unemployable, but that buffer takes a lot of fear out of "uncertainty"

Most of the time I haven't changed jobs by choice but each time I look for something more. Skills or money. Usually ended up being both


I do feel the money:responsibility mix was best at my previous job though. Was dead easy and decent pay. This new role might be too much. I'm not a workaholic
 
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