Latest news with #CharlesBrewer
BusinessToday
21-05-2025
- Business
- BusinessToday
POS Malaysia Continues Negative Trend With Q1 Losses Swelling To RM41 Million
POS Malaysia Berhad reported a significant increase in its first-quarter losses for the period ended 31 March 2025, with losses swelling to RM41 million, more than double the RM19 million loss recorded in the same period of FY2024. The Group reported a revenue of RM467.1 million for the quarter, marking a 2 percent increase compared to the previous quarter, Q4 FY2024. The slight improvement in revenue was led by its aviation and parcel segments, with both delivering encouraging results. The aviation segment continued its momentum both in revenue and profitability, benefiting from sustained demand for cargo handling, engineering solutions, and in-flight catering services. The parcel segment recorded marginal growth, supported by service quality improvements and continued efforts to differentiate through quality and reliability, despite ongoing market and regulatory challenges. While the retail segment maintained stable sales performance year-on-year, the Group is actively repositioning retail operations to align with evolving customer needs and exploring new service offerings. In the logistics segment, performance declined this quarter, primarily due to scheduled maintenance of marine assets and temporary slowdowns in the automotive sector. Looking ahead, Pos Logistics will focus on expanding its third-party logistics (3PL) and freight forwarding capabilities, while strengthening its position in automotive logistics to drive future growth. Charles Brewer, Group Chief Executive Officer of Pos Malaysia Group said, 'We are encouraged by the steady progress across our key business segments, particularly in aviation and parcel. These results reflect the collective efforts of our teams and our ongoing focus on operational improvement and customer satisfaction.' Despite the negative earnings. the group remains confident in its transformation efforts and its ability to deliver sustainable, long-term value to stakeholders. Related
New Straits Times
24-04-2025
- Business
- New Straits Times
Pos Malaysia shares jump 20pct amid recent controversy
KUALA LUMPUR: Shares of controversy-hit Pos Malaysia Bhd jumped more than 20 per cent in early trade, hitting a five-month high of 28.5 sen. The counter opened flat at 23.5 sen before climbing five sen or 21.27 per cent in active trading within the first 10 minutes of the morning session. By 11am, the stock had pared gains to four sen or 17.02 per cent to trade at 27.5 sen, matching its year-to-date high recorded on April 2. Pos Malaysia was the third most actively traded stock on the exchange, with 16.48 million shares changing hands. Year-to-date, the company's market capitalisation has risen 12.24 per cent to about RM210 million. The national courier faced public backlash last week following a viral social media post involving group chief executive officer Charles Brewer's response to an employee's complaint. A Pos Malaysia staff member had voiced concerns about their torn uniform and asked when replacements would be issued. Brewer's dismissive reply sparked criticism, prompting him to issue a public apology on April 19. The company said it had since addressed the issue directly with the employee and that the matter had been resolved. Brewer, a British national, was appointed to the top post on Aug 1, 2021. Pos Malaysia is 53.49 per cent owned by tycoon Tan Sri Syed Mokhtar Shah Syed Nor. The company has been loss-making for nearly six consecutive years. For the financial year ended Dec 31, 2024 (FY24), Pos Malaysia's net loss widened to RM202.7 million from RM157.9 million a year earlier as revenue slipped 0.9 per cent to RM1.85 billion. The group's aviation segment posted a strong performance with net profit surging to RM20.2 million from RM7.38 million in FY23. However, these gains were offset by deeper losses in the postal segment, which saw its net loss increase to RM196 million from RM153.6 million.
Rakyat Post
23-04-2025
- Business
- Rakyat Post
'Union Or PR Agency?'' – Pos Malaysia's Worker's Union Slammed For 'Pro Management Stance'
Subscribe to our FREE Pos Malaysia group chief executive officer Charles Brewer drew the ire of many Malaysians due to what many perceived as a rude response towards a staff member inquiring about new uniforms to replace their torn one. READ MORE: The latest statement issued by Pos Malaysia's worker's union drew even more anger since many felt the union backed up the CEO instead of the workers. In the statement, the union claimed Brewer's words were miscontrued and reiterated that he had shown high commitment in improving staff relations throughout his time leading Pos Malaysia. Regarding uniforms, the union said there was a delay in restocking new uniforms for its staff due to changes in material and quality. Criticisms from netizens were swift with some in disbelief that the union did not fight for its staff but seemingly bowed down to the higher ups. A Twitter user, who claimed to work in human resources, said they couldn't believe seeing a union turning into a public relations agency for a company. Instead of collective bargaining, they said it's ''collective spinelessness on payroll.'' Meanwhile, another person pointed out how the union failed its responsibilities in ensuring all staff's basic needs are cared for, as shown with the torn uniforms. They questioned what the union has been doing all along other than collecting monthly membership fees. Never thought in my HR life I'd see a union morph into a PR agency, whitewashing the CEO's mess. This isn't collective bargaining, it's collective spinelessness on payroll. — Davveen Vasudev (@davveenspeaks) Wehhh not the workers union picking the wrong side 😭😭🤡🤡 — (madam) lissa angking (@lissalaila_) The union, meant to protect workers, has become a mouthpiece for the CEO. And still not a word from the CEO himself. Silence while everyone else cleans up his mess. Pathetic. The guy can't even take responsibility for his own actions. What a spineless coward. — miska (@miskarasa) kenapa CEO korang senyap? tak berketik pun. damage control eh. bersungguh cover bos. bubar jelah union — HouseofPondan (@EncikSood) What a clown la kesatuan pekerja backup boss omputih🤡 Then yg lambat supply uniform baru tu agaknya sbb bagi kroni kenyang dulu ka? Corrupt nak mam- — Amanie. (@YasminAmanie) Sebelum ni Kesatuan semua ni buat apa? Kutip yuran ahli bulan2 lepas tu dok lena? Konon ada sampai 3 kesatuan berkaitan pakaian seragam, tapi uniform posmen koyak pun haram tak ambik tahu, kalau staff tu tak viral sampai kiamat tak ambik tindakan. Kesatuan dgn CEO boleh mampos — Soon™ (@hcsoon) Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.
New Straits Times
22-04-2025
- Business
- New Straits Times
Pos Malaysia unions defend CEO, say uniform remarks misunderstood
KUALA LUMPUR: The Union of Pos Malaysia Uniformed Staff (UPUS) and its branches in Sarawak and Sabah have defended Group Chief Executive Officer Charles Brewer over recent remarks regarding delays in the supply of new staff uniforms. In a joint statement, the unions said Brewer's comments — which went viral — had been misunderstood and were not intended to belittle staff. "We clarified the matter with Mr Charles Brewer a day after it went viral. He explained that it was a misunderstanding and has since acknowledged the mistake," the statement said. "The union urges that this matter not be further sensationalised to avoid misinterpretation of his intentions." The unions also praised Brewer for maintaining a strong relationship with staff and union members, saying he frequently engages on the ground to address workplace issues. "There have been no disputes with him. The union firmly supports his leadership," they added. On the delayed uniform supply, the unions explained it was due to ongoing quality improvements. As an interim measure, Pos Malaysia will distribute company jerseys to affected members, in coordination with the union. The company has also begun supplying safety shoes and gloves to enhance protection for delivery staff. "We thank the company for prioritising safety and improving both the quality and quantity of staff uniforms, in line with — and even beyond — the standards in the Collective Agreement," the statement added. The unions said they would continue working closely with Pos Malaysia to ensure staff welfare and ongoing progress. Brewer drew public attention after a screenshot of his reply to an employee's post about a torn uniform on the company's internal platform went viral.
