Privitisation. A good thing

[Scottarno]

What do you guys think will happen to the people on 8 hour saturday only contracts once Rm is sold?

[Danelectro]

Agree totally with bakerdozen

[steve1873]

Whilst I understand I will be in a massive minority but I happen to think this could be a good thing. There are to many workers out to do as little as possible and if this leads to the slackers being got rid of then all the better for the vast majority of hard working staff.

I have been in the job over ten years and still enjoy it despite all the changes. To many people hark back to days long gone and refuse to accept change has to happen. What is needed is a concise plan to work together to get the best deal for staff and not to oppose it just because the cwu say to.

Yes because that is exactly what we need - less people to do the same amount of work. So the "hard workers" have to work even harder.

Lets celebrate eh! :/

[RoyalSlave69]

How do you know that after 3 years everyone will have to reapply for their jobs and get lower pay? It just would not happen.

[AnotherLimey]

How do you know that after 3 years everyone will have to reapply for their jobs and get lower pay? It just would not happen.

Are you blind to what has happened elsewhere? am i surrounded by fools and idiots?

[krussel]

Oh boy here will go again with these threads that ONLY ever appear when a ballot is due.

I am not going to bother even mentioning how the job will be wrecked.

On a general note WHY does RM need Privitisation anyway when we make a good profit and are paying the government £82m a year while they can charge us 8% for borrowing money.

Just does not make real sense.

[Chelseablue]

It's a fCked up greedy corrupt Britain we live in

[Shambles]

It's a fCked up greedy corrupt Britain we live in

Corruption and Greed starts at the top just like B&H

Hand & Glove...

[RobertT]

On a general note WHY does RM need Privitisation anyway when we make a good profit and are paying the government £82m a year

I'm not too sure how much RM pay the treasury each year but at that rate it would take about 36 years to pay the government the £3 Billion it will get when the company is floated.

[krussel]

What do you guys think will happen to the people on 8 hour saturday only contracts once Rm is sold?

If you are not already in I would join the CWU.

Welcome

[POSTMAN]

On a general note WHY does RM need Privitisation anyway when we make a good profit and are paying the government £82m a year

I'm not too sure how much RM pay the treasury each year but at that rate it would take about 36 years to pay the government the £3 Billion it will get when the company is floated.

If I rem right, the £82m is the interest on the loan...

http://www.royalmailchat.co.uk/communit ... 38&t=55331" onclick="window.open(this.href);return false;

Funnily enough, this should save Royal Mail a fortune - because it is currently paying interest to the BIS department of 8.8% a year, and should be able to pay interest of less than 5% to banks and other private sector lenders.

Last year Royal Mail's interest costs were £82m on drawn borrowings of £973m. So privatisation should save it perhaps £40m of interest payments per annum to the government.

Of course there is another way of looking at this - which is that the government, taxpayers, will be £82m a year poorer.

[RoyalSlave69]

How do you know that after 3 years everyone will have to reapply for their jobs and get lower pay? It just would not happen.

Are you blind to what has happened elsewhere? am i surrounded by fools and idiots?

Looks like you are you miserable twit. Instead of wasting energy moaning, please explain to us fools what will happen.

[DirtyHarry]

It's a fCked up greedy corrupt Britain we live in

It sure is.

[wiganpostie]

How do you know that after 3 years everyone will have to reapply for their jobs and get lower pay? It just would not happen.

Are you blind to what has happened elsewhere? am i surrounded by fools and idiots?

Looks like you are you miserable twit. Instead of wasting energy moaning, please explain to us fools what will happen.

Crozier famously complained that we were 40% underworked and 25% overpaid, compared to the private operators. Do you really think that if we are privatised we won't be brought down to similar levels of pay and terms and conditions as the rest of the industry?

[doorstepped]

How do you know that after 3 years everyone will have to reapply for their jobs and get lower pay? It just would not happen.

Are you blind to what has happened elsewhere? am i surrounded by fools and idiots?

Looks like you are you miserable twit. Instead of wasting energy moaning, please explain to us fools what will happen.

RM at this moment are a government company and all profits get put back into RM, when the company is privatized it will be more of a money making venture to pay out dividend's to all share holders on a yearly basis.
the major shareholders will get greedy and after the 3 year period that RM have offered us they will then force us all to re-apply for our jobs with different T' & C's inc wages, this will make more money for the major shareholders as the wage bill etc will be lower meaning larger profits.

there is it is laymans terms, and please don't think that it will not happen this way, just look at the Gas, Electric and water companies. Prices forever going up and more and more profit's for the major shareholders year on year.