Tag: Royal Mail

GBP 1,000 to axe 2nd delivery bonus offer to postmen

Posted by | May 23, 2003 | |

Eighty thousand posties will get GBP20-a-week more to scrap the second delivery.
They also stand to pocket a GBP1,000 one-off bonus if the move saves as much as bosses expect. They will have to work longer shifts and will have bigger delivery rounds. Chief executive Adam Crozier revealed the plan after Royal Mail said it had slashed losses by GBP120 million in the past year.

Leaders of the Communication Workers’ Union have backed the proposed sweetener for staff.

Read More

UK Royal Mail halves losses after big cuts

Posted by | May 23, 2003 | |

Royal Mail Group yesterday showed signs of a turnround as it announced a halving of full-year losses to GBP600m. However, progress was marred by widening losses at Post Office branches and by the announcement of a GBP4.6bn pensions black hole. The group said it would pour GBP100m a year into its pensions scheme until it filled the hole, the result of falling equity prices. Royal Mail went into the red in 2001 and last year reported a record loss of GBP1.1bn. It has since shed 16,000 jobs and closed 345 post offices to cut costs. Its industrial relations have also improved, with a 90 per cent fall in industrial action.

Read More

UK Royal Mail’s 2002/03 results – Postwatch welcomes progress

Posted by | May 22, 2003 | |

Royal Mail Group today announced, as expected, an improving financial performance and predicted a return to profit in 2003/04. They also announced continued growth in mail volumes and their best industrial relations for over 10 years. At the same time the new Chief Executive admitted, (in advance of announcing the details next week) that it was disappointing only 3 of the 15 performance targets were met. One of the targets missed was for the flagship 1st class stamped and franked service. Royal Mail revealed that only 91.8% of 1st class letters arrive next day. This means that over a million letters per day are not arriving on time. Peter Carr, Chairman of Postwatch, commenting on the announcement said, “This is very good news and the new management should be congratulated – in particular they should be applauded for a year without industrial conflict. “Customers will remain concerned that, although improving, standards of service are still short of target at a time when prices have increased”.

Read More

Lower access prices encourage independent operators to compete for share of UK business mail market

Posted by | May 20, 2003 | |

UK Mail is the first independent mail operator planning to use Royal Mail’s delivery offices to win a larger chunk of the lucrative business mail market. At the price proposed yesterday many others should soon follow. Hays, which runs a document exchange service, Holland’s TPG, Germany’s Deutsche Post and Express Dairies all have either interim licences or seven-year licences to compete with Royal Mail. These allow them to carry and sort bulk mail as well as provide document exchange and guaranteed delivery services. Express Dairies can even deliver certain items on its milk floats. But none has been able to establish a national door-to-door network to rival Royal Mail’s. Postcomm’s proposed prices, which will go out to consultation, should encourage rival operators to hit the market hard.

Read More

UK Companies set to benefit from changes early next year

Posted by | May 20, 2003 | |

Joe Public is unlikely to see a change in the price of sending a letter as a result of yesterday’s decision. The postmen and women delivering mail will not change either, although much of the post they will be carrying will soon no longer bear the Royal Mail name. But businesses could benefit from the changes as early as next year if a low access price encourages, as Postcomm predicts, the development of new services and competition over existing ones. Postwatch, the consumer watchdog said: “Access to the Royal Mail pipeline, could in time, grow the size of the overall market – again, good news for customers.”

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

Have you noticed a decrease of non-EU inbound parcel volumes since the implementation of the new €3 charge?

Thank you for voting
You have already voted on this poll!
Please select an option!


View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest