City Link strike possible

antrobus

chewmylegoff wrote: »

....It seems more likely to me that they did a deal whereby Rentokil agreed to take some of the bank debt, the bank agreed to vary repayment terms and the PE firm took on some of the debts itself (and obviously continuing obligations like the property leases). ...

On top of this Rentokil will continue to have a £20m exposure to property leases even after the business has changed hands.

http://www.thisismoney.co.uk/money/markets/article-2316690/CITY-FOCUS-Rentokil-rids-City-Link-courier-burden.html

Not so 'obviously' then.

Previous deals such as MFI and Comet have seen private equity operations buy the businesses for a nominal sum and walk away with a profit despite the eventual collapse of the businesses concerned. If I was a union negotiator, I would proceed on the basis that Better Capital similarly had their backsides covered, rather than gamble on the basis of some entirely hypothetical notion of what conditions some random person thought might be in the deal. Which would be the point I think.

Graham_Devon

John1993 wrote: »

Jesus, if the current level of service is Yodel drivers doing "their best", it's hard to imagine what we'd be like if they stepped their efforts down a bit..

As I said, doing their best to make a living.

They can only do their job as well as their job will allow them.

We should be careful not to attack the employees when the employers are setting the tasks and providing the tools to undertake them.

wotsthat

Graham_Devon wrote: »

They can only do their job as well as their job will allow them.

http://www.bbc.co.uk/programmes/p00zkz1k/features/yodel

grizzly1911

wotsthat wrote: »

http://www.bbc.co.uk/programmes/p00zkz1k/features/yodel

I wonder how many packages are delivered problem free?

I don't know but it could well be the 95% or whatever they are contratced to do. To expect 100% perfection for a relatively modest sum is unrealistic.

98% success wouldn't make very good copy.

The same with a myriad of services 95 % costs x and 100% 50x.

John1993_2

Graham_Devon wrote: »

As I said, doing their best to make a living.

Yes, and as I said, if that's their best, god help them, they are rubbish. So bad that it seems deliberate.

If you think that Yodel staff are trying hard, I think that I'm starting to realize why you find housing so expensive.

Just an inkling, but I've a theory...

Loughton_Monkey

John1993 wrote: »

.....If you think that Yodel staff are trying hard, I think that I'm starting to realize why you find housing so expensive.

Just an inkling, but I've a theory...

... and I know what you're thinking.

You're thinking that his mind is so small and obscure, that Higgs Boson is looking for him.

But I think we should leave that aside and be more polite. After all, it does provide good entertainment. It's a very similar concept to people like the Flat Earth Society. Despite their more than eccentric views, they are entertaining, they have a right to exist and presumably like being laughed at. Everyone's a winner...

I am assuming that GD is either a member, or at least follows them, since he has a similar form of argument.

Formed in its modern form in 1956 by one Samuel Shenton, it was just before the launch of the first artificial satellite, and when satellite images taken from outer space showed the Earth as a sphere rather than flat, the society was undaunted; Shenton remarked: "It's easy to see how a photograph like that could fool the untrained eye."

Even Graham would be proud of that one....

Good_Goose

vivatifosi wrote: »

Crow is an idiot.

He is a hated figure, because he is an arrogant hypocrite, but he is far from being an idiot.

The idiots are those that think he is on their side, and those that pay for his luxury left wing lifestyle al la Tony Blair style.

John1993_2

Loughton_Monkey wrote: »

... and I know what you're thinking.

You're thinking that his mind is so small and obscure, that Higgs Boson is looking for him.
.

Interestingly (well, to me...) my last job before Finance was working on the search for the Higgs.

Of course, putting in those nearly unpaid years in a highly complex scientific environment must (in his mind) have had absolutely nothing to do with banks offering me a seat on a good desk afterwards.

We are, after all, only blown by the winds of chance in his world, we have no say in our destiny.

Loughton_Monkey

John1993 wrote: »

....We are, after all, only blown by the winds of chance in his world, we have no say in our destiny.

Exactly. Mere pawns in the tempest of inevitability. Insignificant gadflies in the whirlwind of treachery. Innocent lackeys in the grand conspiracy of happenchance that forces us all into the maelstrom of never ending poverty, forced unemployment, and, worst of all, renting.....

BTW. Do you think we've been reading too many of Graham's posts?

N1AK

Loughton_Monkey wrote: »

You're thinking that his mind is so small and obscure, that Higgs Boson is looking for him.

All that twittering on and still nothing more substantial behind it than a love of your own writing and unimpressive attempts to insult.

The idea of Yodel delivering my things fills me with dread; however it is entirely evident that company policy is, at least, a contributing factor to the poor service. Someone not able to see that is far more deserving of mockery, however clumsy, than those who can.