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Colleague Shares? Pay rise?

Postal workers discussion forum. Discuss the day to day life in a Blue Shirt.
Sci_Dog
Posts: 292
Joined: 04 Dec 2008, 15:53
Gender: Male
Location: Northern Ireland

Colleague Shares? Pay rise?

Post by Sci_Dog »

Hello troops,

can anyone give any advice on the infamous phantom 'colleague shares'? Are we due a payment/dividend this year? If so when? Does anyone know how much? Is it next year we can then sell them back?

Also am I right in thinking we didn't get a pay rise last year? Surely this year there has to be something?
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OnAFlyer
Posts: 1938
Joined: 16 Aug 2009, 14:24
Gender: Male

Re: Colleague Shares? Pay rise?

Post by OnAFlyer »

You can't sell any until next year, then you can only take 50%, or you can leave them until 2012 and cash them all in.

Pay rise this year is part of the current negotiations, at least it had better be!
tommythreesheds
Posts: 89
Joined: 28 Aug 2007, 15:02
Gender: Male
Location: UK

Re: Colleague Shares? Pay rise?

Post by tommythreesheds »

I reckon they will take them away and say they have used them within the new deal structure........if there ever will be one. :crazy:
fishtank
Posts: 19732
Joined: 28 Sep 2007, 17:22
Gender: Male

Re: Colleague Shares? Pay rise?

Post by fishtank »

tommythreesheds wrote:I reckon they will take them away and say they have used them within the new deal structure........if there ever will be one. :crazy:

"We are looking for a 3-year deal financed by the Colleagueshare money, simplification of the existing pay bill and a share of the savings that transformation will bring to achieve a significant increase in basic pay." :whistle
good times, bad times you know I've had my share
Darren Bent
Posts: 2150
Joined: 05 Oct 2007, 15:38
Gender: Male
Location: Pride Park, Derby, DE24 8XL

Re: Colleague Shares? Pay rise?

Post by Darren Bent »

2012 to cash in. When in 2012 ?
TrueBlueTerrier
FORUM ADMINISTRATOR
Posts: 72713
Joined: 30 Dec 2006, 10:29
Gender: Male
Location: On my couch

Re: Colleague Shares? Pay rise?

Post by TrueBlueTerrier »

Carew wrote:2012 to cash in. When in 2012 ?
My Guess would be May/June - to allow the accounts, on which any valuation must be based, to be audited and passed.
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easter bunny
Posts: 378
Joined: 01 Jul 2007, 20:08

Re: Colleague Shares? Pay rise?

Post by easter bunny »

unless u retire or ill health retired.... cash em in at the current rate... works out at about 1000 pound...
flaminmoses
EX ROYAL MAIL
Posts: 819
Joined: 05 Jul 2009, 14:17
Gender: Male

Re: Colleague Shares? Pay rise?

Post by flaminmoses »

if the scheme is still "valid" use your loaves.

cuts cuts cuts

dont cash in as soon as you can
tbi1959
Posts: 41
Joined: 18 Dec 2008, 19:33
Gender: Male
Location: South Wales

Re: Colleague Shares? Pay rise?

Post by tbi1959 »

A friend of mine works in Cardiff mail center, a union rep told them Monday night the following. 1 1/2 % this year, 1 1/2% next year, 3% the year after. Walking postmans basic to be increased by £30 for D2D, £500 bonus to be paid straight away and 50% of mail centres to shut. This is not a wind up. :cry
fishtank
Posts: 19732
Joined: 28 Sep 2007, 17:22
Gender: Male

Re: Colleague Shares? Pay rise?

Post by fishtank »

tbi1959 wrote:A friend of mine works in Cardiff mail center, a union rep told them Monday night the following. 1 1/2 % this year, 1 1/2% next year, 3% the year after. Walking postmans basic to be increased by £30 for D2D, £500 bonus to be paid straight away and 50% of mail centres to shut. This is not a wind up. :cry

It's not a wind up but it may be out of date.
Things "appear" to be changing on a daily basis. :cuppa
good times, bad times you know I've had my share