£100 at the end of the month inplace of shares? Facts?

[Danelectro]

They just don't make it plain and simple do they...

CWU members working for Royal Mail Letters will receive an extra £100 in their June pay packets as a result of an agreement reached between the union and the company

http://www.cwu.org/news/archive/colleag ... mbers.html" onclick="window.open(this.href);return false;

judging by the pic of Dave Ward hes spent some of his bonus money on a Rooneyesque hair creation....Dave said that the union has ''taken the right position on Colleague share throughout'' what? including punting the £1400 Colleague share money on all union literature during the vote for BT2010 '?..but '' some circumstances are beyond our control'' well it certainly looks like that way Mr Ward''....

[wandle]

The way i understand it the extra Christmas £100 has performance strings attached to it !
So it not guaranteed !

Err, I beg to differ. The £100 is guaranteed, any additional amounts over and above the £100 ARE performance-related:

· The new incentive arrangements will include, as a minimum, an ongoing payment of £100 per year for each full time employee (pro rata part time), with the potential for additional payments linked to performance

[dolphlundgren73]

The way i understand it the extra Christmas £100 has performance strings attached to it !
So it not guaranteed !

Err, I beg to differ. The £100 is guaranteed, any additional amounts over and above the £100 ARE performance-related:

· The new incentive arrangements will include, as a minimum, an ongoing payment of £100 per year for each full time employee (pro rata part time), with the potential for additional payments linked to performance

I wish i had your confidence. This agreement is only with Royal Mail. Do you honestly think our Business will still be Royal Mail in 2 years time?
Whoever buys Royal Mail will not only not be obliged to pay any bonus but will rip up contracts. You will in effect have to re apply for your Jobs and EVERY postie will have reviewable contracts!. No longer a Job for life and EVRs will no longer be on the table.
Thats what has happened to all Government sectors that have been sold privately.
So 14 years of bonuses is easy for Royal Mail to agree to, as they know it will mean nothing in less than 2 years time!

[Martin Walsh]

Both Royal Mail and the CWU are seeking advice in ensuring that future agreements including the replacement to colleague share is legally binding and therefore enforceable in law if either party breaks the agreement.

The trouble with colleague share Was if you read the booklet which your original share was sent with you would realise Royal Mail had more than a few escape routes to not pay the money.

[chunk]

The way i understand it the extra Christmas £100 has performance strings attached to it !
So it not guaranteed !

Err, I beg to differ. The £100 is guaranteed, any additional amounts over and above the £100 ARE performance-related:

· The new incentive arrangements will include, as a minimum, an ongoing payment of £100 per year for each full time employee (pro rata part time), with the potential for additional payments linked to performance

i think bizarrely you are agreeing with me! as it is the extra hundred at christmas that i refer to as not being certain not the initial hundred that we will probably get.
recap for the hard of understanding
£100 in june probably
£100 at christmas probably
£200 at christmas? i think i would bet against it as it comes with " strings"

[whatamess!!]

We should be getting the £100 on Friday, as this is the last date for payment in June.

[borgpicard]

its just more boll ocks to keep us quiet, of course we aint gonna get it ! just more and more lies

[dvbuk55]

Both Royal Mail and the CWU are seeking advice in ensuring that future agreements including the replacement to colleague share is legally binding and therefore enforceable in law if either party breaks the agreement.

The trouble with colleague share Was if you read the booklet which your original share was sent with you would realise Royal Mail had more than a few escape routes to not pay the money.

I don't recall that being pointed out when BT2010 was being pimped by the CWU. Are they seeking the same legal advice dingo or is it that the productivity scheme to replace colleague share will be enforceable and the payment won't, after all having used the ploy once with colleague share why not use it again with some other scheme. It's a winner because the carrot can be dangled on the one hand as an incentive and then denied as and when there's no money in the pot. So I wouldn't exactly advocate a new incentive scheme when we've had feck all for the last two.

[Martin Walsh]

its just more boll ocks to keep us quiet, of course we aint gonna get it ! just more and more lies

Would you like a wager on it ? I give you good odds ! Pay directive sent today states its to be paid to both weekly and monthly staff on the 29th June ! But hey what do I know ?

[POSTMAN]

its just more boll ocks to keep us quiet, of course we aint gonna get it ! just more and more lies

Would you like a wager on it ? I give you good odds ! Pay directive sent today states its to be paid to both weekly and monthly staff on the 29th June ! But hey what do I know ?

Well it's a good job you do know Dingo and thanks for the info,obviously the CWU and RM in their joint statement kept the actual date a secret.
One's a communications union and the other a communications business,funny as f**k tbh,unless of course i've mugged myself here and missed another statement stating the actual date.

I've upped the bandwidth on the site for thurs/fri for the masses coming on asking what this £100 thing is......pro rata.

[dvbuk55]

I've decided that with my princely 48 quid I'm going to buy a meat slicer from Argos. Not that I'll be able to afford to buy any meat but when people visit I'll have it on prominent display giving the impression I can afford a piece of beef. It's a trick I learned from my dear old mum, every Sunday lunch she would go out the back door with a carving knife and sharpen it on the stone back step, the neighbours would think we had meat for dinner but in reality it was suet pudding made with cheap mince.

[whatamess!!]

I've decided that with my princely 48 quid I'm going to buy a meat slicer from Argos. Not that I'll be able to afford to buy any meat but when people visit I'll have it on prominent display giving the impression I can afford a piece of beef. It's a trick I learned from my dear old mum, every Sunday lunch she would go out the back door with a carving knife and sharpen it on the stone back step, the neighbours would think we had meat for dinner but in reality it was suet pudding made with cheap mince.

£48 for nothing is rather good!

[dvbuk55]

I've decided that with my princely 48 quid I'm going to buy a meat slicer from Argos. Not that I'll be able to afford to buy any meat but when people visit I'll have it on prominent display giving the impression I can afford a piece of beef. It's a trick I learned from my dear old mum, every Sunday lunch she would go out the back door with a carving knife and sharpen it on the stone back step, the neighbours would think we had meat for dinner but in reality it was suet pudding made with cheap mince.

£48 for nothing is rather good!

Well not quite for nothing mess, I had considered a foreign holiday with the 1400 quid I was expecting - I had to give up that idea - it would have been my first trip abroad - do they speak English on the Isle of Man - now it's a day trip to Blackpool on a wet Saturday in October. You may say it's for nothing but I have had to go through the trauma of disappointment from the expectation of untold riches....................am I to be poor all my life I wonder. Here I am in my twilight years scrimping and scraping and worrying if it is to be a paupers grave................I hope to god the servants have enough to bury me.

[fishtank]

£48 for nothing is rather good!

This idea that it's for nothing is complete nonsense.
The membership have faced and delivered more change in 5 years than the previous 20.
At least maybe some of them have.
The members in my D.O. certainly don't feel like they are getting it for nothing,they feel that they have been completely screwed over and should have been looking forward to a decent pay out.
They see something like £48 as a complete insult.

[whatamess!!]

£48 for nothing is rather good!

This idea that it's for nothing is complete nonsense.
The membership have faced and delivered more change in 5 years than the previous 20.
At least maybe some of them have.
The members in my D.O. certainly don't feel like they are getting it for nothing,they feel that they have been completely screwed over and should have been looking forward to a decent pay out.
They see something like £48 as a complete insult.

I believe we did get £1600 payout and we are getting the £1000 for revision payments, now a further £100(pro rata of course). Thats £2700 not including pay rises in the last 5 years.