UK Trend: Royal Mail prompts public outrage for reducing deliveries and cutting thousands of jobs
The UK Royal Mail recently announced wanting to reduce deliveries and cut jobs due to financial losses. Outrage soon spread online, with twitter users blaming Royal Mail executives’ extravagant salaries for the company’s financial crisis.
Many social media users also denounced RM’s decision to cut jobs from already struggling employees amid the cost-of-living crisis, when the company enjoyed a £235m profit in the same period last year.
Meet Simon Thompson, the CEO of Royal Mail. He earns £62,750 a month.
Because its a struggle getting by on just £1,500 a day after tax, he also got a £140,000 bonus this year.
Simon has cut posties pay in real terms. pic.twitter.com/9qFIgSmA67
— Saul Staniforth (@SaulStaniforth) November 17, 2022
Royal Mail Refuses to Deliver
In October, Royal Mail’s CEO Simon Thompson announced that they would cut 10,000 jobs by next August to ‘reduce losses’ resulting from ongoing strike actions. The CEO’s bonuses, however, will not actions. The CEO’s bonuses, however, will not be touched by this recent decision.
Royal Mail CEO, Simon Thompson, pays himself £753,000. This includes a £142,000 bonus, despite missing delivery targets and losing £450M pa.
But workers asking for below inflation pay-rises are greedy. #EnoughIsEnough pic.twitter.com/WjKZNh3duh
— El Christo (@ElRaynerista) November 17, 2022
Since then, Royal Mail has officially requested governmental permission to stop delivering on Saturdays in an effort to turn around their business after accumulating a deficit of £219 million in the six months up to September. The British public was even more furious by the company’s sole focus: making a profit rather than providing a utility.
If Royal Mail want to cut Saturday deliveries (" or they won't survive") , how come they can afford to pay their shareholders over £400 million?
— Lord Slagovskis✊#GTTO (@CarlSte50121979) November 17, 2022
Royal Mail should be state owned because it’s a utility and shouldn’t be run for a profit.
Absolutely travesty for the workers and the people of the UK to see it going under like this.
Even in the USA the postal service is part of the government.
— Tara Staunton (@tarastaunton) November 17, 2022
Others blamed the government for allowing the Royal Mail to be privatized when it ought to be a public service owned by the government.
To protect our precious Royal Mail from extinction we need to bring it back into public ownership now.
A battle we cannot afford to lose.#StandByYourPost https://t.co/1uklXRxeaJ— lan Byrne MP (@IanByrneMP) November 17, 2022
Royal Mail strikes, Nurse strikes, Tfl strikes.. look what the tories have done to this country
— aims (@aimssjess) November 10, 2022
Royal Mail Strikes
The mail company was said to be negatively impacted by strike activity, with more walkouts expected in the upcoming weeks. In order to ‘ensure a viable future’, Keith Williams, non-executive chair of Royal Mail’s owner International Distributions Services (IDS), stated that “urgent reform” was required.
“We are working to improve parcel services as we move towards a five-day letter delivery system,” he said.
In 2004, letter deliveries peaked at 20 billion per year. Today, there are only 8 billion. However, several industries, including the embattled magazine publishing industry, rely heavily on Saturday deliveries. The loss of Saturday deliveries could have disastrous effects on many existing businesses.
Sajeeda Merali, CEO of the Professional Publishers Association, which represents the £3.7 billion UK magazine industry, said, “Time-sensitive titles will be delayed and may suffer significant losses, while the entire industry will be affected by a reduction in print capacity and higher costs.”
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