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Strike on the cards for Royal Mail workers despite pay rise offer : Broker Liberum said the offer of a 6% pay rise over three years was below RPI inflation

21 Feb 2020, 14:27

https://www.cityam.com/strike-on-the-ca ... ise-offer/

Royal Mail’s workers are set for its first national strike in a decade as the postal service’s largest union said it could call a stoppage as early as next month.

Yesterday Royal Maul proposed a six per cent three-year pay deal to the Communications Workers Union in a bid to avoid such strike action.

However, the CWU said today that threat of strike action, which was first announced earlier this month, is not linked to the pay dispute but to wider issues around the former postal monopoly.

The union said: “The pay offer is not linked to the dispute. We are balloting on the direction of the company, them breaching national agreements, the culture of the workplace”.

The Royal Mail, which employs around 143,000 people in the UK, is under pressure to adapt to changing attitudes to the industry, with more parcels and fewer letters sent.

“The ballot is definitely still going ahead. Papers are dispatched on 3 March, (it) closes on the 17th and the earliest we could call action would be 31 March,” the CWU said.

Royal Mail said its pay offer would mean an increase of more than 16 per cent between 1 April 2018 and 31 March 2023, but said it must deliver on a turnaround plan announced last year.

The firm’s Journey 2024 turnaround plan seeks to adapt to trends and turn Royal Mail into a more internationally focused parcel delivery business.

In its offer to the CWU, Royal Mail also said it will introduce a second van delivery in most parts of the country.

Shane O’Riordain, managing director of regulation, corporate affairs and marketing said: “Our proposal underlines our commitment to being the best employer in our industry.



Having jumped nearly five per cent yesterday on the news of the pay offer, shares slipped back over 1.5 per cent today.

Royal Mail pay offer 'could worsen industrial relations' warn analysts

21 Feb 2020, 14:30

https://www.proactiveinvestors.co.uk/co ... 13416.html

Broker Liberum said the offer of a 6% pay rise over three years, below RPI inflation, was unlikely to secure much support from workers or trade union leadership

Royal Mail PLC’s (LON:RMG) new pay offer to workers could end up causing more tension between the postal carrier and trade unions, analysts at Liberum have warned.

On Thursday afternoon, the FTSE 250 firm offered workers affiliated with the Communication Workers Union (CWU), around 100,000 members of its staff, a 6% pay rise over the next three years which it said will amount to an increase of “more than 16%” between 1 April 2018 and 31 March 2023.

However, Liberum, which rates Royal Mail at ‘sell’ with a 120p price target, raised doubts on Friday that the offer, which is below retail price index inflation, would be enough to appeal to either the union leadership or staff members.

They added that the public announcement of the offer, effectively going over the heads of the CWU’s leadership, “may be ill advised” as it had “the potential to cause further stress in the relationship with the union”.

“[Going public] with a below-RPI offer is unlikely to make staff feel the union is wrong to want to continue the dispute. If anything, this could strengthen the CWU’s narrative that staff need to back the union to get a better deal”, Liberum said.

This view was echoed by broker Peel Hunt, who said that the issue was “not just whether the CWU and staff accept the offer, but also whether they agree to the changes in working practices and productivity increases that Royal Mail requires ultimately to avoid becoming insolvent”.

The company is currently in the middle of a turnaround programme aiming to boost profitability by automating its sorting systems and expanding its parcel delivery business to capitalise on the online shopping boom.

Peel Hunt highlighted that the company’s UK business was “chronically inefficient” and that a “significant potential margin improvement…can only be achieved with a willing workforce, which it clearly is not currently”.

The deal seems even less likely to secure support from workers after the CWU said on Thursday night that the company was not serious about the pay offer and they were “playing to an audience” in a bid to avoid a national postal strike.

The CWU is currently planning for another strike ballot among its Royal Mail members after industrial action over the Christmas period was blocked by the company in court.

Royal Mail shares were 1% lower at 180.7p in early trading on Friday.

Strike on the cards for Royal Mail workers despite pay rise offer : Broker Liberum said the offer of a 6% pay rise over three years was below RPI inflation

21 Feb 2020, 19:51

wont it f***ing sink in with the company , the dispute is NOT ABOUT A PAY RISE OR MONEY , its about there shite plan which wont and doesn't work , working conditions and CULTURE and treating staff like idiots , which we aren't by the way . CWU 100%.

Strike on the cards for Royal Mail workers despite pay rise offer : Broker Liberum said the offer of a 6% pay rise over three years was below RPI inflation

21 Feb 2020, 22:25

Tell the public what the dispute is about NOW

Strike on the cards for Royal Mail workers despite pay rise offer : Broker Liberum said the offer of a 6% pay rise over three years was below RPI inflation

22 Feb 2020, 15:01

grchpo wrote:Tell the public what the dispute is about NOW


Most of the public don't care - the younger generation want their parcels yesterday and don't care how they get them or who
delivers them. Letters - pah! Not interested, get everything on my Smartphone.

But the older generation who would like to keep the postal service as it was 10, 20, 30 years ago have minimal financial influence.
Grannys birthday card to little Tommy doesn't have a large enough profit margin for RM to care.

Strike on the cards for Royal Mail workers despite pay rise offer : Broker Liberum said the offer of a 6% pay rise over three years was below RPI inflation

22 Feb 2020, 23:43

Pay rise? more like pay cut whilst the bourgeois continue too buy shares as they run the company down so profit is garnered at the expense of the workforce as too enrich themselves.

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