June Efficiency Bonus

The FraudSquad · Post by **The FraudSquad** » 20 Jun 2016, 18:46

It was paid last June or July, our share of the annual Profit

LouBarlow · Post by **LouBarlow** » 21 Jun 2016, 07:22

dingo wrote:First things first this has nothing what so ever to do with the CWU. Apart from the fact that the CWU got you free shares which you can sell and you get a dividend on.

This payment is linked to the shares you own and is generated to all shareholders.

It is nothing to do with how hard you work ! it what the share price is worth at that moment in time.

If you feel so strong than come November and December you can sell your shares but you will have to pay tax on them. Then you will not get the dividend each June.

Buts let be clear if the CWU had not balloted the staff over privatisation you would have not got free shares and would not have been receiving anything !

Wow that is some spin. I was told that the union would fight against privatisation, but then bent over and took it up the arse like they always do.

Martin Walsh · Post by **Martin Walsh** » 21 Jun 2016, 17:05

No spin the CWU fought and defeated privisation on several occasions. However this time the coalition had the numbers to force it through , so the CWU developed a plan b which is the first legal binding trade union agreement which stops the worst impact of privisation. Royal Mail wanted to franchise and outsource some parts of the industry and create a two tier work force ! They can't why because of the legal guarantees ! You keep moaning some of us will keep fighting

weary_posty · Post by **weary_posty** » 21 Jun 2016, 18:34

dingo wrote:No spin the CWU fought and defeated privisation on several occasions. However this time the coalition had the numbers to force it through , so the CWU developed a plan b which is the first legal binding trade union agreement which stops the worst impact of privisation. Royal Mail wanted to franchise and outsource some parts of the industry and create a two tier work force ! They can't why because of the legal guarantees ! You keep moaning some of us will keep fighting

Tough day dingo?

I think a lot of colleagues need to realise how hard the CWU has worked for us and the benefits we recieve from it.
Unfortunately not many do and we'll soon see an example of that when our CWU fought 20min PAID meal relief gets taken away from us.
That's for another day,

I do remember hearing about the Incentive scheme. From memory I think the grafters took home £30 after tax and the coffee tasters got more

LouBarlow · Post by **LouBarlow** » 22 Jun 2016, 08:04

Yep, for all the years I have paid my dues, I think I am entitled to a little moan now and again. Great, the union did a lot for us in the past - a privilege that we all paid for, but that doesn't excuse the current state of the outfit, which is as neutered and apathetic as it ever has been. I don't pay my current subscription for what has happened in the past - I expect my current situation to be looked after, which it isn't. The CWU is basically a subsidiary of Royal Mail now...well, except in London, which seems to receive special treatment it seems, which would explain why we have separate press releases for the pay situation in London compared to the rest of the country.

Perhaps the head honchos need to venture outside their headquarters now and again and see how vapid their representation actually is in the rest of the country?

Binsey · Post by **Binsey** » 22 Jun 2016, 12:51

I keep hearing this phrase "Legally Binding Guarantees" which it is said to give us some protection.

Now please correct me if I am wrong but I have heard on numerous occasions that Royal Mail can walk away from them if it effects RM performance/Business plan/ share price.

Martin Walsh · Post by **Martin Walsh** » 22 Jun 2016, 15:21

The communication is from London reps not CWU HQs. Most other senior reps do not use this site.London is not given special treatment by Royal Mail the difference is that London stands together.

In terms of your point Binsey it is not true. Royal Mail cannot walk away from the legal guarantees based on performance , business plan or share price. They can ask for a review if they cannot no longer afford to support the USO , they have severe financial problems, or there is a national strike. All of the above reasons would be argued in court.

fishtank · Post by **fishtank** » 22 Jun 2016, 16:31

If Royal Mail were to argue that the agreement is hampering its attempt improve efficiency and had the backing of the regulator there isn't a court in the land that would back us up dingo.

We're not mugs, the "legally binding" clauses are pretty window dressing but unless the business actually fears a row with the union and its members they are pretty meaningless. The strength of the membership is what keeps royal mail straight, not a bunch of lawyers and it's a dangerous game if hq thinks otherwise.

Post by **stodgy88** » 23 Jun 2016, 17:29

The money due,is it paid through your wages ,or straight into your bank account ?

The FraudSquad · Post by **The FraudSquad** » 23 Jun 2016, 17:31

Via your wages... But still trying to find out whether we are going to get anything or not

Post by **stodgy88** » 23 Jun 2016, 18:29

But still trying to find out whether we are going to get anything or not ----- posted earlier that someone had read it on the royal mail intranet, told a few at work about it,got some right grief when not in todays wages -if it,s just a rumour -cheers.

The FraudSquad · Post by **The FraudSquad** » 23 Jun 2016, 18:39

Got it last year in June £61 ... No one seems to know If it's coming this year or not... That's what I'm trying to find out

A2B · Post by **A2B** » 23 Jun 2016, 18:46

Don't remember the bonus from last year but details of this years dividend are here http://www.royalmailchat.co.uk/communit ... 38&t=74708" onclick="window.open(this.href);return false;

Post by **stodgy88** » 23 Jun 2016, 18:51

Got it last year in June £61 ... No one seems to know If it's coming this year or not... That's what I'm trying to find out was not having a dig at you ,just annoyed IF someone as posted something thats not fact .

The FraudSquad · Post by **The FraudSquad** » 23 Jun 2016, 18:52

It's not a dividend or anything to do with the shares it's a totally different pay out... !!!