In recent years postal workers have witnessed a rollercoaster ride with claims from Royal Mail of several fantastic business turn arounds – only to be immediately followed by the next crisis.
In May 2009 Royal Mail said it has outperformed all of its financial and quality targets and posted its best profit for years - £321 million.
The company’s response was to immediately pay out huge managerial bonuses whilst announcing a pay freeze for the workers.
Within weeks of claiming its best performance in years the company now say their fortunes have dropped off the edge of a cliff and that volumes are down by 10 per cent.
Royal Mail’s 10 per cent figure has never been properly validated.
Even if it were true management completely ignore the fact that they also claim to have got rid of 40,000 jobs.
10% volume loss versus 30% loss in jobs.
Royal Mail propaganda is hard at work – whilst postal workers are working harder than ever.