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Where's the £500 million investment going?

Postal workers discussion forum. Discuss the day to day life in a Blue Shirt.
postslippete
Posts: 4097
Joined: 14 Jul 2014, 16:27
Gender: Male

Where's the £500 million investment going?

Post by postslippete »

I keep hearing about RM's £500 million investment programme over 5 years

Martin Walsh says the latest 3 years pay deal is worth around £980 million
Restoring 3,500 duties nationally would cost approximately £94 million
There have been around 6,000 contractual uplifts
And RM claims that delays to USO reform have been costing the business around £20 million a month since July last year

So where exactly is all the money going when for many of us on the shop floor:

- overtime has been cut right back
- duties are failing left, right and centre
- workloads are still being absorbed
- mail is still building up with trays of mail, days worth in the frame and weeks of D2Ds un-prepped
- managers being told to reduce costs

Yes, most of us have had a 3% pay rise but according to many colleagues that's been completely dwarfed by the complete absence of any overtime. I can imagine that if somebody was regularly doing 10 hours+ overtime a week then they will be a lot worse off despite the small pay increase.

RM talks about improving QoS, so how is that going to happen? More duties? More (lesser paid) staff? Better equipment? More automation?


I understand that COMs are under pressure to reduce overtime spend, but if nothing tangible is being provided in return, how exactly is QoS supposed to improve? :hmmmm Where is this additional capacity coming from to improve quality?
On the face of it, shareholder value is the dumbest idea in the world.
Mr Rush
Posts: 3040
Joined: 05 Aug 2011, 14:27
Gender: Male

Re: Where's the £500 million investment going?

Post by Mr Rush »

postslippete wrote:
Yesterday, 18:04
And RM claims that delays to USO reform have been costing the business around £20 million a month since July last year
6 day service x 4 weeks in the typical month = 24 working days. That's £833,000 a day. So is this just the rounded £1M-a-day cliche or did aborting the ODM actually save £167K daily?
The machine stops.
tramssirhc
Posts: 1621
Joined: 04 Sep 2012, 20:19
Gender: Male

Re: Where's the £500 million investment going?

Post by tramssirhc »

The union are already negotiating DM27.
"The leadership will sabotage the fight and only make the slightest move under fear of powerful working class action" - Des Warren
TopperGas
Posts: 3265
Joined: 13 Feb 2021, 22:46
Gender: Male

Re: Where's the £500 million investment going?

Post by TopperGas »

£100m p.a. is probably next to nothing for a business with a £8B turnover, if they don't spend it how will anybody know?

Anyway it's less than £80K per DO so probably the cost of putting an average of 3 walks back into each DO?