LTB 337/22 - CURRENT DISPUTES NEGOTIATION SUMMIT MEETING DEMAND

[mjd24]

Giving back your bonus yet Si?

[toonshola]

Simon Says

Team - we wrote to the CWU last week - and have agreed to meet next week as per their request - this is our recommended agenda - a laser focus on the market & financial reality - it is important we have a common understanding….
We are awaiting their reply….
meeting.gif

Well reading that it’s pretty clear meeting them will be a complete waste of everyone’s time. But I suspect Dave and Terry will have to play the game and go meet them anyway otherwise RM will accuse the CWU of not talking etc etc.

[k979aaa]

Well if he is serious why has his laser focus on the market & financial reality resulted in 22,000 agency staff and 10,000 hire van's or more?

[yellowbelly]

Simon Says

Team - we wrote to the CWU last week - and have agreed to meet next week as per their request - this is our recommended agenda - a laser focus on the market & financial reality - it is important we have a common understanding….
We are awaiting their reply….
meeting.gif

Well reading that it’s pretty clear meeting them will be a complete waste of everyone’s time. But I suspect Dave and Terry will have to play the game and go meet them anyway otherwise RM will accuse the CWU of not talking etc etc.

Hope Dave and Terry prepare and take an auditor/accountant with them or else Si will just b******t them with powerpoint facts and figures
and they'll come back with 'Look, it's a bit worse than we thought, here's the deal of the century, part 2'

[Woody Guthrie]

Simon Says

Team - we wrote to the CWU last week - and have agreed to meet next week as per their request - this is our recommended agenda - a laser focus on the market & financial reality - it is important we have a common understanding….
We are awaiting their reply….
meeting.gif

Just before the managers were about to strike the Unite negotiators were invited to meet senior managers and apparently shown confidential documents showing the current and projected financial position of the business.

Allegedly they left that meeting ashen faced and immediately called off the proposed industrial action.

I suspect Terry is about to receive the same treatment.

[IloveMYredTROLLEY!]

Simon Says

Team - we wrote to the CWU last week - and have agreed to meet next week as per their request - this is our recommended agenda - a laser focus on the market & financial reality - it is important we have a common understanding….
We are awaiting their reply….
meeting.gif

Just before the managers were about to strike the Unite negotiators were invited to meet senior managers and apparently shown confidential documents showing the current and projected financial position of the business.

Allegedly they left that meeting ashen faced and immediately called off the proposed industrial action.

I suspect Terry is about to receive the same treatment.

If there are serious company financial issues, what the heck were the board playing at? Giving each other hundreds of thousands of bonuses, at least some standard pay rises higher than the 2% executive action rise imposed on OPGs and handing out ~£400 million in share dividends in 2022.

[Cucumber]

Don't forget the huge pay rises that Line Managers got to become COM's.

[jessicarabbit]

The narrative is....board and shareholders get rewarded for past/last year's performance. Workers get rewarded for future performance. It sucks ass and we need a seismic thinking change in the way the world works. I propose we all cancel our Direct Debits to the energy companies to start and see how they go about trying to get the money from all 60 million of us.

[yellowbelly]

Just before the managers were about to strike the Unite negotiators were invited to meet senior managers and apparently shown confidential documents showing the current and projected financial position of the business.

Allegedly they left that meeting ashen faced and immediately called off the proposed industrial action.

I suspect Terry is about to receive the same treatment.

In that case shouldn't info this serious should be released to the stock exchange?

[Whinealot]

Key wording in the statement from the CEO “ projected” I think the position of the business is always based on what they think should we should be earning in profit. When reality calls and their expectations have to be dialed down because obviously our turnover decreases post Covid contracts and lockdown parcel boom, they still have a complete lack of vision in the future and pay the shareholders and themselves handsomely. I hope DW and TP wipe the floor with them for the way they have carried on since April.

[BigSacks]

The company have been threatening that they’re on the verge of going under since about 1995.

Yet we have had a procession of overpaid(gotta pay big bucks for the best we’re always told) CEOs.
Crozier, Greene, Back.
Always telling us we need to change, we need to make more money.

Yet never doing it for us. Taking their bonuses, their salary, their golden hellos and golden goodbyes and moving on after their 5 year or so stint, nothing much changed.
Well, I say nothing but they do like spending their tenure talking about “the future”
Yet it doesn’t take a fortune teller to have predicted a boom in parcel delivery and a decline in letter volumes in that period of 2 decades.
Yet how far forward are we? How much have we progressed through paying out that tens of millions of pounds in salary to some of the brightest minds in industry?

Buying letter automating machines in a period of decline was a highlight.
See also the purchasing of thousands of vehicles with Diesel engines when the majority travel less than 50 miles a day and all make short journeys.

And here we are. 2022. Still talking about “the future”, “the increase of parcels” “the reduction in letters” yet still millions out in salary and not a step forward in idea.

A company who invested in foreign postal markets years ago and when it went tits up told us all that it was US who had to change and do more and US who had to accept the “financial reality” that it was going to affect our pensions.
Yet, when they invest in foreign markets under GLS and it goes well? Well lads, that’s threatened to get sold so others can reap the benefit.
Lovely stuff.

This company being heavily unionised is actually an incredibly useful tool for the board of Royal Mail. It gives them very little culpability for doing the square root of nothing and being able to blame that on the CWU.

Charlatans.

[postieblueshirt]

Now we're going green it will mean you have to change your entire working day to save the environment.jump back 10 years for my office our carbon footprint must have been tiny since we were whizzing around on pashley's finest.

[billycat]

Although i still own royal mail shares maybe simon will have to cancel the upcoming shareholders dividend saving the company around one hundred million plus the £140,000 bonus payment he received plus all the hand out of free shares to the board members, the office i work at is a hub 6 agency workers 6 hire vans it is costing the company 30 hours a day for work which was been covered for 6 hours overtime our manager has been told to find them work, so he is asking some of us to leave our parcels and cover the mail only on the overtime walks a complete disaster managers words not mine if this carries on for a period of time then i can see royal mail in big financial trouble maybe this is what the board wants.

[SpacePhoenix]

Now we're going green it will mean you have to change your entire working day to save the environment.jump back 10 years for my office our carbon footprint must have been tiny since we were whizzing around on pashley's finest.

10 years ago there would have been a lot less parcels and less larger parcels

[postslippete]

If there are serious company financial issues, what the heck were the board playing at? Giving each other hundreds of thousands of bonuses, at least some standard pay rises higher than the 2% executive action rise imposed on OPGs and handing out ~£400 million in share dividends in 2022.

That is what I am most interested to know. You can't tell me that this Royal Mail Board don't know exactly what they are doing.


They have massively rewarded the shareholders
They have handsomely rewarded themselves huge bonuses
Many Royal Mail managers got substantial pay increases for being COMs


And unfortunately that has left next to nothing in the pot for the postal workers. And yet they still want to cr*p on our existing terms and conditions