https://www.standard.co.uk/business/jim ... 52571.html
Royal Mail chief Moya Greene has done more than most bosses would to end the long history of industrial action by posties.
In an agreement both sides signed in 2013, she offered pledges of no outsourcing, no zero-hours contracts, no farming-out of work to cheap overseas locations and pay rises.
In return, the unions agreed not to strike before going into external mediation.
The deal was supposed to be legally binding, yet today we wake up to the news that the Communication Workers Union is to hold a nationwide strike again. No mediation.
The industrial action is self-defeating on so many levels.
Every time posties strike, they hand over another slug of the market to Royal Mail’s rivals, where the workers probably have fewer rights and tougher conditions.
Even the CWU-backed Labour party uses Whistl for its post these days.
What’s more, each strike shrinks the postal market as customers get ever more used to finding other options, be that Dropbox, email, conference calls or couriers.
There’s another concession Greene gave: she gifted employees a 12% slice of the company when it floated four years ago.
Since talk of a strike started rumbling in May, Royal Mail’s market value has fallen 15%, wiping £75 million off the value of the workers’ shares.
The shares have tumbled as investors take an ever-dimmer view of Royal Mail’s strike-prone future.
But it seems the union isn’t too bothered about the company’s prospects. CWU deputy chief Terry Pullinger has said he’d rather “smash it to bits” than back down on his row with the Royal Mail management.
How is Greene expected to deal with a mindset like that?