Tag: UK

IN AN astonishing act of corporate honesty, the chairman of Consignia – soon to revert to its old name of Royal Mail – did a “Ratner” yesterday, admitting his company was a “chronic failure”.
Allan Leighton admitted that “you cannot imagine a company which is a monopoly, which has £6 billion of sales and manages to lose £1.2 million a day”.
The part-time chairman, who is on the board of eight other companies, made a scathing attack on the company just days after executives revealed plans to charge businesses £14 a week to have their letters delivered before 9am.
Mr Leighton said he had told them in the strongest terms to “go back to the drawing board”. He added: “Morale in our business is awful. People have to work in terrible conditions, they are not listened to, the levels of harassment, bullying, racial discrimination will be as high as any company in Britain.

Consignia is to rethink its controversial plan to charge many customers pounds 14 a week to deliver post before 9am, its chairman said yesterday.
Allan Leighton said the pilot projects for the scheme would now examine the options of charging pounds 5 or pounds 10 a week.
Mr Leighton acknowledged that he had not been briefed on the pounds 14-a-week plan before news of it broke in the media this week.
He added: ‘We are having a rethink because I am trying to put a price increase through on stamps so that I can argue that the first class stamp is the best value you can get in Britain today.