Royal Mail privatisation... Would you?

property.advert

Loughton_Monkey wrote: »

Always knew you were a smart investor.

I might throw a small pile into Royal Mail, but first I'll take the advice of my postman. It means getting up early, because he always arrives spot on (roughly) 4 p.m.

Most people are taking their first sip of coffee when the post arrives. I'm having a large gin & tonic because the sun has gone down over the yardarm.

First action of the new owners needs to be to sack the £20 an hour striking muppets on the payroll, and replace them with hard working poles on minimum wage. OK, the letters might be going in the wrong houses, but we'll still get it sorted out between us well before 4 p.m.

I got a Recorded Delivery letter Wednesday. 5:30 p.m. He handed it to me apologising that he had nothing for me to sign, but made a performance of tearing off a barcode telling me "that's the same thing...."

In Loughton, our Post Office is actually a pharmacist. Works pretty well because they can sell a lot of stuff to all us 'oldies' queuing for 40 minutes or more in the heat - out the door - to cure our exhaustion or heat stroke.

I'm hoping that a few shares will allow me to barge all the 80/90-year-olds out of the way, go straight to the front, and instruct the miserable Indian lady "Serve me now. I'm a shareholder."

Exactly my thoughts, down the the ignorant Indian twit trying to balance flogging overpriced crap from his shop with the seemingly complicated task of accepting a recorded letter.

custardy

grizzly1911 wrote: »

It will be ineteresting to see.

Outside London I would be surprised to see a postie on £32k (everything else down there is nuts so possible). No doubt some of their operational management are on those figures but I wouldn't class them as posties.

http://www.payscale.com/salaries/feb479c1/Postman-UK-Salary

£13,217 - £24,921

well they are
Nobody on FT wages is earning £13K
To earn £32K,a postie would have to work massive OT over a year,assuming its available
I earned a good wage years back doing big OT
However its not realistic now with loss of D2D payment,longer rounds etc

there are some higher paid with certain skills,HGV drivers for example and those with 'granfathered' payments for the likes of nightshifts,drivers allowance
not 11K a year though.


The only management position that comes under OPG (ordinary grade postman) is Deputy
This is a pro rata position. A full week performing deputy duties comes in around £100 before tax
So around £5K before tax but the deputy position isnt a full time position. only an adhoc as required basis.
These figures sound like the ones touted way back when there were strikes in the wind and management were asking staff 'to work the hours they were paid' and floating £32K as an avrage wage

ruggedtoast

Neoliberals gloating in anticipation of how they will benefit from the theft of our last remaining public utility, and also displaying a casual, rather vulgar racism.

How nice.

CRISPIANNE3

Personally I am not interested in buying any. Despite RM employees no longer in a closed shop the union is still firmly in control. Also I was the proud owner of shares in their phanton share scheme. Big promises but delivered very little.

Lomcevak

On the letters business there is very little scope to increase earnings - that's my point.

Don't think they can grow letters much, but the existing processing could make more money if they get to grips with DSA - I don't understand why it's treated differently from CMA which is just about billed properly, whereas with DSA you seem to get away with anything, just compare declared volume vs. the machine counts from a machine in DSA opmode. Not sure how good RS billing is either, although volumes are lower. I reckon that RMG must effectively process a fair chunk of the DSA volume for free

As for Parcelforce, my understanding is that they're constrained by the current infrastructure (hub, also a mess of IT systems that need to be replaced) so they need a fair bit of investment up front but then should be a source of growth. Downside is that they're not the most popular amongst consumers, although at least they're better than Yodel et al.

marlot

I see that TNT are launching a challenge to subject RM to VAT

http://www.telegraph.co.uk/journalists/steve-hawkes/10309856/Legal-fight-threatens-Royal-Mail.html

custardy

I wonder if that indicates the TNT arent looking to take over RM

Glen_Clark

It all depends on the price of the shares, which we don't know yet.
As I understand it, Vince Cable has been put in charge of this (to get him out of Osborne's way, although he is still criticising Osbornes Help to Bubble Scam he can't stop it)
Something is telling me Vince Cable will not be as generous to shareholders as Thatcher was.

sabretoothtigger

You have to pay for this utility, you have to pay for everything one way or another. Whats to gloat over, either privately run will cost more or not

grizzly1911

custardy wrote: »

well they are
Nobody on FT wages is earning £13K
To earn £32K,a postie would have to work massive OT over a year,assuming its available
I earned a good wage years back doing big OT
However its not realistic now with loss of D2D payment,longer rounds etc

there are some higher paid with certain skills,HGV drivers for example and those with 'granfathered' payments for the likes of nightshifts,drivers allowance
not 11K a year though.


The only management position that comes under OPG (ordinary grade postman) is Deputy
This is a pro rata position. A full week performing deputy duties comes in around £100 before tax
So around £5K before tax but the deputy position isnt a full time position. only an adhoc as required basis.
These figures sound like the ones touted way back when there were strikes in the wind and management were asking staff 'to work the hours they were paid' and floating £32K as an avrage wage

I am confused when you say "well they are" and then the rest of the post suggests £32K would be attainable by only a few in extreme situations.

Interesting how the same website gives conflicting pay rate scales.