/biz/ - Business & Finance

>>51515959
I doubt it will go bust because they own most of the post boxes in the country, and although less people are sending letters, letters are still being sent

>>51515959
There is no future.

At all.

>>51515959
have you forgot, they are on perma-strike?
they just took a day off (or a day on, for a change) because Liz in London died.

>>51515959
After its privatisation, it has been slowly gutted from the inside with cost-saving measures that benefit no one except the shareholders. Give it a few more years and the whole company will be broken up and sold off as smaller corporate entitities.

>>51516258
Wasn't it on the road to ruin even before the sell-off?

>>51516378
Pre-privatisation their main problem was that,
One: People have been sending less letters for the last 30 years consecutatively (RM main income stream via stamps and special letter delieveries)
Two: They hadn't foreseen the importance of parcel / package delieveries brought on by the growth of Amazon and internet shopping generally.

Therefore Royal Mail's entire system hadn't been optimised for emphasising parcel deliveries, which was the future of postage since the internet had overtaken with text based messaging, which in turn meant their bottom line suffered (less letters, more packages they couldn't efficiently deal with).
Royal Mail was, in my eyes anyway, never meant to make a profit per se, but provide a service to the state which the private sector wouldn't be able to provide effectively.
Think of the outer islands of scotland and what they would have to pay in postage costs if things weren't subsidised by rich towns with good infrastructure down south.

>>51515959
The zeitgeist in this country is shifting back towards nationalisation and massive state spending further accelerating inflation and everything that comes with it. We'll probably have a year or two of rampant striking by the CWU, and the Royal Mail getting bought out by whichever government wins the 2024 election for pennies.