All quiet on the union front

[guardianangel]

Just hope he comes back with a no strings inflation pay rise and no watered down terms and conditions,just got this funny feeling after watching the video we are being prepared for a sell out,he needs to come back with something worth voting for and not to stop striking while we vote or that could take us to January. WATCH THIS SPACE

I agree with you , i don't see us getting a no strings pay deal although we all voted for just a pay deal with no strings . But i'm not confident with a suitable offer for the membership.

The only no strings deal to be seen will be the imposed 2%. A NS deal now is history.

we must stay strong ,the money is there ,we just need to keep striking,the dockers took 6 months but got 14 to 18 % in the end.

[clashcityrocker]

The money is there. We just need to keep striking.

Where is the money?
GLS isn't going to be used to subsidise us any longer.

[dohnut]

Just hope he comes back with a no strings inflation pay rise and no watered down terms and conditions,just got this funny feeling after watching the video we are being prepared for a sell out,he needs to come back with something worth voting for and not to stop striking while we vote or that could take us to January. WATCH THIS SPACE

I agree with you , i don't see us getting a no strings pay deal although we all voted for just a pay deal with no strings . But i'm not confident with a suitable offer for the membership.

The only no strings deal to be seen will be the imposed 2%. A NS deal now is history.

we must stay strong ,the money is there ,we just need to keep striking,the dockers took 6 months but got 14 to 18 % in the end.

Apple and oranges mate, there is so much competition in the parcel buisness, and you cannot deny mail is down, i have been here 15 years and it is well down, but parcels are massively up, esp the last 2 years or so, best we can hope for is a later start and voluntary Sundays , with new starters on Sundays. We might get 10% over 2 years with all the terms included.

[Rik]

The money is there. We just need to keep striking.

Where is the money?
GLS isn't going to be used to subsidise us any longer.

GLS is not a financially separate entity no matter how Royal Mail spin it, it was purchased by Royal Mail from the profits made by Royal Mail, you can't buy shares in just GLS or just in Royal Mail only IDS which includes both.
You watch the group still report a profit next week and still pay dividends and bonuses.

[dohnut]

I just googled GLS, and when you change the country to uk, it says parcel force is GLS partner in uk, didn’t know this.

[Slim2none]

So am i reading this whole GLS cross subsidy situation correctly....

1999 RM buys "fledgling" GLS (as it is now known) (thanks Rico), and subsidises its modernisation & profitability over the next 14 years upto the privatisation rip off.

2013 - ? Cross subsidising ensures £ flows to GLS for continuous growth...none of those £ find there way back to "original" RM (letters & PF etc).
£Ms generated by UK business used to upgrade and reinvest in superhubs et al but nothing flowing back from GLS to fund modernisation & profitability in UK business, thereby ensuring the "ability" to show consistently dwindling economic viability.?

I'm just trying to wrap my head around the funneled cash from the UK ops to GLS but not the other way? (Presumably this was not part of RMG plan when state owned or even up to the date of total privatisation).

So really no surprise that GLS is the tasty piece of the pie then....its full of the gravy we provided since 1999!

I know, I know... I've over simplified and "made it fit" my narrative. But am I wrong?...perhaps...but maybe not by much.

[Slim2none]

I just googled GLS, and when you change the country to uk, it says parcel force is GLS partner in uk, didn’t know this.

Of course it is! That's why it's been given a value of £0 by ST. That way you won't miss it when it becomes IDS/GLS UK with its owner drivers and low pay part time workforce! (Alegedly)

[Woody Guthrie]

The money is there. We just need to keep striking.

Where is the money?
GLS isn't going to be used to subsidise us any longer.

It is not "us" that needs subsidy it is the government mandated USO. It is inherently financially unsustainable and will only become more so.

If you were a government minister (especially a Tory) would you rather it was EU customers or UK taxpayers that sustain it?

[freespeech]

The money is there. We just need to keep striking.

Where is the money?
GLS isn't going to be used to subsidise us any longer.

GLS is not a financially separate entity no matter how Royal Mail spin it, it was purchased by Royal Mail from the profits made by Royal Mail, you can't buy shares in just GLS or just in Royal Mail only IDS which includes both.
You watch the group still report a profit next week and still pay dividends and bonuses.

Of course they will but that doesn't change RM making massive losses. I can't see a massive no strings deal on the back of GLS profits and RM losses.

[clashcityrocker]

If you were a government minister (especially a Tory) would you rather it was EU customers or UK taxpayers that sustain it?

If I were a government minister (Tory or otherwise) I would listen to those telling me nobody really cares about a 6-day letter delivery service, and I would be changing the law to accommodate a relaxation of the USO.
I can't see them interfering in the sell-off of GLS if that is the road the business wants to go down.

[Slim2none]

There are some that would say the interfering has already been done. The chairmans' mate and political cohort is the man that rubber stamps the approval? Yep, nothing fishy there, no hint of any interference...or questions either apparently.

[k979aaa]

The money is there. We just need to keep striking.

Where is the money?
GLS isn't going to be used to subsidise us any longer.

It is not "us" that needs subsidy it is the government mandated USO. It is inherently financially unsustainable and will only become more so.

If you were a government minister (especially a Tory) would you rather it was EU customers or UK taxpayers that sustain it?

it was set up to get other mail companies in the market liberalisation but it failed when the government took away cheep labour by applying minimum wages to under 25 year-old's and whistle post and tnt mail had to pay the mandated rate of pay. This whole business regulation is something that BREXIT could help in that we could change the DSA access arrangements and agree a price that will make a profit not a loss this is something we could all berate our own MP's for!

[k979aaa]

If you were a government minister (especially a Tory) would you rather it was EU customers or UK taxpayers that sustain it?

If I were a government minister (Tory or otherwise) I would listen to those telling me nobody really cares about a 6-day letter delivery service, and I would be changing the law to accommodate a relaxation of the USO.
I can't see them interfering in the sell-off of GLS if that is the road the business wants to go down.

Having a 5 day service will result in 1 in 6 jobs gone 18% of the workforce we should be looking at growing the business not letting it wither on the vine!

[k979aaa]

The money is there. We just need to keep striking.

Where is the money?
GLS isn't going to be used to subsidise us any longer.

GLS is not a financially separate entity no matter how Royal Mail spin it, it was purchased by Royal Mail from the profits made by Royal Mail, you can't buy shares in just GLS or just in Royal Mail only IDS which includes both.
You watch the group still report a profit next week and still pay dividends and bonuses.

Of course they will but that doesn't change RM making massive losses. I can't see a massive no strings deal on the back of GLS profits and RM losses.

The reason for the losses are expenditure on new electric vans and charging stations they are front loading the costs in this financial year.

[freespeech]

The money is there. We just need to keep striking.

Where is the money?
GLS isn't going to be used to subsidise us any longer.

GLS is not a financially separate entity no matter how Royal Mail spin it, it was purchased by Royal Mail from the profits made by Royal Mail, you can't buy shares in just GLS or just in Royal Mail only IDS which includes both.
You watch the group still report a profit next week and still pay dividends and bonuses.

Of course they will but that doesn't change RM making massive losses. I can't see a massive no strings deal on the back of GLS profits and RM losses.

The reason for the losses are expenditure on new electric vans and charging stations they are front loading the costs in this financial year.

Quarter 1 figures didn't show that.