Tag: Royal Mail

Employee shares key to modernising Royal Mail

Posted by | Oct 30, 2006 | |

Royal Mail’s Chief Executive Adam Crozier insisted today an employee share scheme involving a 20 per cent stake for postmen and women was the best way to ensure success for the investment package to modernise the company.

Commenting on a report from the Commons Trade and Industry Committee, Mr Crozier said: “Of course the investment plan in the company and an employee share scheme are linked.

“There is no doubt that the Government is generally supportive of employee share schemes and recognises their importance, and they have made this clear on a number of occasions.”

For example Stephen Timms, Chief Secretary to the Treasury, said: “Employee shareholders have a direct interest in the performance of their company and a real stake in its success. Research in both the US and the UK shows there is a clear link between employee share ownership and improvements in productivity.”

Mr Crozier said no-one should under-estimate the challenges facing Royal Mail.

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MPs attack plan for Royal Mail share payouts

Posted by | Oct 30, 2006 | |

The government should reject Royal Mail’s proposals to give up to 20% of the company’s shares to employees, an all-party committee of MPs has concluded.
The trade and industry committee said Royal Mail’s arguments about motivating staff “lacked robust evidence and were little better than mere assertions”.

Senior managers at Royal Mail, led by the chairman, Allan Leighton, have insisted the share scheme should be an integral part of its business plan. The group needs to tackle a huge pension fund deficit and invest in automating its letters business, through a combination of government support and higher stamp prices.

In its latest report on Royal Mail, published today, the committee said it was “surprised to hear that the management of Royal Mail has placed conditions on agreeing to the government’s financial package (in the form of a proposed employee share scheme) given that the company is technically insolvent because of its pension liabilities.

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Will there be any post offices left when I get old? – Save our post offices campaign

Posted by | Oct 29, 2006 | |

Britain’s 14,300 post offices are fighting for their very survival. The Government is starving the network of vital funding in a move that could leave it with as few as 4,000 branches in the next decade. But many communities are putting up a fight. Toby Walne visited the Isle of Wight to find how the bestserved region in the country is aiming to keep it that way.

They are a belligerent bunch on the Isle of Wight. Faced with a Government that seems determined to smash Britain’s post office network, the islanders have fought back by issuing a ‘unilateral declaration of independence’, calling for their post offices to be removed from Royal Mail control.

And there is good reason to fight. The island has 52 branches serving 120,000 people, which is one for every 2,308 residents and almost double the national average.

But that does not include the 2.6 million ‘grockles’ tourists – who holiday on the island every year and often use the post office network. Yet the Government is poised to destroy this thriving network, allowing the closure of 35 branches, leaving only 17 post offices by 2010.

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Parcelforce Worldwide appoints Promodus to direct marketing roster

Posted by | Oct 26, 2006 | |

Parcelforce Worldwide has appointed Promodus to its direct marketing roster to handle a project aimed at increasing the company’s customers.

Promodus, which specialises in advocacy marketing, has created a campaign for the Royal Mail-owned brand to generate referrals from its most-satisfied business customers. The activity breaks this month and continues into the New Year.

Parcelforce head of marketing services Heather Bayliss says: “In a market with increasing competition, advocacy marketing is critical for us because it allows us to secure and exploit our loyal users.”

Promodus was appointed to the roster without a pitch, but the news follows speculation about a review of Parcelforce’s direct marketing roster last year.

The company was thought to be in talks with a number of undisclosed agencies about the account but a full-scale review has not yet begun.

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Royal Mail extends deadline for market research tender

Posted by | Oct 24, 2006 | |

Royal Mail has extended its call for tender for its market research roster until today.

The roster is reviewed every four years, and is worth between £20m and £25m including VAT over that period.

Agencies currently on the roster include Accent, BMRB, BPRI, Illuminas, Continental, Compass, Crucible, FDS, IFF, Moulton Hall, Prescient, Quadrangle, Spinach, Synetics and Aegis agency Synovate.

The contract covers commissioned and non-commissioned, qualitative and quantitative market research services.

The original deadline had been October 13. Further details of the contract can be viewed online.

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