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Financial difficulties
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SpacePhoenix
- MAIL CENTRES/PROCESSING
- Posts: 11990
- Joined: 12 Nov 2008, 17:03
- Gender: Male
Re: Financial difficulties
Apart from the super-hubs and PF it's impossible to separate the letters and packets sides of the business. You'd basically need to set up some new DOs and would have to decide which MCs were to become packets only and which were to become letters only
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49erman
- Posts: 254
- Joined: 18 Sep 2017, 13:18
- Gender: Male
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themaze
- Posts: 121
- Joined: 12 Oct 2007, 21:36
Re: Financial difficulties
Wouldn't that help cut inflation ?guardianangel wrote: ↑26 Mar 2023, 07:44Isn't most of the network Royal Mail ,vans,buildings ,infrastucture ,surely that will all be frozen so the parcel side would have to invest in a lot unless they have owner drivers,in my opinion a lot of delivery companies use Royal Mail as an overflow,look what happened xmas other companies were struggling and running at a 2 week delay ,if Royal Mail were going down it would have massive ramifications for the whole delivery sector and a massive effect on business and the economy as we have built our retail sector around this,if the Tories think they have problems with inflation now wait until the whole retail sector is on its knees,watch this space.norm wrote: ↑25 Mar 2023, 23:09Can someone explain how Royal Mail going into administration relates to the IDS company as a whole.
My understanding is if RM is under administration, its assets/liabilities all get fenced off. So in effect IDS would relinquish ownership over it.
So why would Daniel Kretinsky then buy it, he'll have got what he wanted which is IDS owns GLS, and is no longer burdened by RM or Parcelforce. The share price will probably jump as a result.
Although somebody could buy RM after it enters administration, but they'd have to work out a viable business model first in terms of USO, pay, size of workforce.
If inflation is people spending too much by removing a big chunk of the online delivery network people can't get the goods online so spend less.
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SpacePhoenix
- MAIL CENTRES/PROCESSING
- Posts: 11990
- Joined: 12 Nov 2008, 17:03
- Gender: Male
Re: Financial difficulties
It would cause a big hike in prices as couriers would need to take on many more staff to cover the big increase in workloadthemaze wrote: ↑26 Mar 2023, 10:17Wouldn't that help cut inflation ?guardianangel wrote: ↑26 Mar 2023, 07:44Isn't most of the network Royal Mail ,vans,buildings ,infrastucture ,surely that will all be frozen so the parcel side would have to invest in a lot unless they have owner drivers,in my opinion a lot of delivery companies use Royal Mail as an overflow,look what happened xmas other companies were struggling and running at a 2 week delay ,if Royal Mail were going down it would have massive ramifications for the whole delivery sector and a massive effect on business and the economy as we have built our retail sector around this,if the Tories think they have problems with inflation now wait until the whole retail sector is on its knees,watch this space.norm wrote: ↑25 Mar 2023, 23:09Can someone explain how Royal Mail going into administration relates to the IDS company as a whole.
My understanding is if RM is under administration, its assets/liabilities all get fenced off. So in effect IDS would relinquish ownership over it.
So why would Daniel Kretinsky then buy it, he'll have got what he wanted which is IDS owns GLS, and is no longer burdened by RM or Parcelforce. The share price will probably jump as a result.
Although somebody could buy RM after it enters administration, but they'd have to work out a viable business model first in terms of USO, pay, size of workforce.
If inflation is people spending too much by removing a big chunk of the online delivery network people can't get the goods online so spend less.
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Postee2
- Posts: 95
- Joined: 25 Jun 2020, 08:37
- Gender: Male
Re: Financial difficulties
I hear this conspiracy theory a lot, and you know what that's all it is, a conspiracy.
No public company that is profit driven purposefully drives itself into the ground. That's the antithesis of capitalism.
Sure, greed, awful mis management, bad practice, are all to blame. But to say that's the plan. Sorry, but I don't buy it.
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Post69
- Posts: 195
- Joined: 12 May 2017, 09:38
- Gender: Male
Re: Financial difficulties
After you’ve had your “strike” and you put your brazier back in your shed together with your “honk if you support us banner” what’s your next plan? Because as far as I can see these arseholes have ignored 18 days of strikes which included strikes during Xmas pressure they are ignoring a joint statement which they signed! They are still steamrolling their agenda through with pace so you can get your brazier and banners back out for days, weeks, months and try and call their bluff and sit on that picket line but this agenda they are on will be pushed through that’s a certainty! so the union need to come up with something pretty substantial other than sitting on a picket line for ever and a day! What I’m curious about is what the f@#k have they been taking about over the last 3 weeks for them to comeback with absolutely nothing and if anything we have gone backwards we are no further and in the exact same position as we were in last April?
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FilthyBloke
- Posts: 685
- Joined: 03 Jun 2018, 11:41
- Gender: Male
Re: Financial difficulties
The talks have been a failure.Post69 wrote: ↑26 Mar 2023, 10:51After you’ve had your “strike” and you put your brazier back in your shed together with your “honk if you support us banner” what’s your next plan? Because as far as I can see these arseholes have ignored 18 days of strikes which included strikes during Xmas pressure they are ignoring a joint statement which they signed! They are still steamrolling their agenda through with pace so you can get your brazier and banners back out for days, weeks, months and try and call their bluff and sit on that picket line but this agenda they are on will be pushed through that’s a certainty! so the union need to come up with something pretty substantial other than sitting on a picket line for ever and a day! What I’m curious about is what the f@#k have they been taking about over the last 3 weeks for them to comeback with absolutely nothing and if anything we have gone backwards we are no further and in the exact same position as we were in last April?
Once Black Friday strike was ignored I felt the writing was on the wall.
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SMS1969
- Posts: 975
- Joined: 28 Jun 2021, 11:36
- Gender: Male
Re: Financial difficulties
On the Facebook page the Union have said all will be revealed this week, so we’ll soon see what has transpired- hopefully. But I’m not holding my breath, it’s been very long winded and RM won’t ever back down. As has been said, if they didn’t back down at xmas, they won’t back down now.
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chrisj
- Posts: 1883
- Joined: 21 Dec 2010, 16:24
- Gender: Male
Re: Financial difficulties
I think the Union are embarrassed about the own demands and negotiating tactics because why would they not even say what they mean by a decent pay rise - and that is the easiest part of the dispute.
Other Union come out straightaway with their demands not wooly words... It will s as if they are colluding with RM management - no one is stopping them revealing the talks and what has been achieved or not achieved.
To include the issues of discipline in an 11 months negotiation about pay and working conditions is like deliberately sidetracking the whole process.
Even the Revision that they have accepted that it has to take place and the financial situation mentioned in the Joint Statement are not essentially the starting point of the whole dispute and negotiations.
Revision is not working and there are elements and f management trying to force things through but all that can be dealt with locally and by Posties just turning up to work to do a fair day's work for a fair pay; did the service or the politics, just do your job as your employer wants.
Folks will be shocked and ashamed of the CWU when it all comes out. Before anyone start saying what about Royal Mail - what about them? Are they the worst employer in the country or are the terms and pay that bad; if so, people have been saying there are jobs out there - go get those jobs.
The CWU talk about updates and revealing all and about the own proposals and that they don't like the way Royal Mail is being managed or their business model, can they do better. Not! They are even struggling to manage their own Union business!
Let them tell us all that has been happening before asking for more strikes.
Allowances for a few and disciplinary issues for less than 1000 should not trump 120,000 workers and future of our jobs.
Other Union come out straightaway with their demands not wooly words... It will s as if they are colluding with RM management - no one is stopping them revealing the talks and what has been achieved or not achieved.
To include the issues of discipline in an 11 months negotiation about pay and working conditions is like deliberately sidetracking the whole process.
Even the Revision that they have accepted that it has to take place and the financial situation mentioned in the Joint Statement are not essentially the starting point of the whole dispute and negotiations.
Revision is not working and there are elements and f management trying to force things through but all that can be dealt with locally and by Posties just turning up to work to do a fair day's work for a fair pay; did the service or the politics, just do your job as your employer wants.
Folks will be shocked and ashamed of the CWU when it all comes out. Before anyone start saying what about Royal Mail - what about them? Are they the worst employer in the country or are the terms and pay that bad; if so, people have been saying there are jobs out there - go get those jobs.
The CWU talk about updates and revealing all and about the own proposals and that they don't like the way Royal Mail is being managed or their business model, can they do better. Not! They are even struggling to manage their own Union business!
Let them tell us all that has been happening before asking for more strikes.
Allowances for a few and disciplinary issues for less than 1000 should not trump 120,000 workers and future of our jobs.
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Kenfandango
- Posts: 690
- Joined: 19 Oct 2021, 16:40
- Gender: Male
Re: Financial difficulties
I'm feeling like this too. The CWU seem really focussed on the "attacks on our reps and members" but they're in a precarious position: they've spent years fighting "bullying and harassment from managers," if just one of the suspended reps can be proved to have behaved in a way that could be classed as bullying, (and let's face it, that's probably a given,) then the union look very hypocritical if they have then spent/wasted months of talks trying to make it look like an unmitigated attack (though I'm sure there are elements of that as well.)
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Post69
- Posts: 195
- Joined: 12 May 2017, 09:38
- Gender: Male
Re: Financial difficulties
So far these narcissistic bullies have been called to the select committee twice because of lying second time under oath because of the bullshit that Simon Thompson was putting out the first time and still all three were lying within 30 seconds of declaring the oath not to lie! this is on top of all media coverage basically exposing what this lot are all about! we then get what we all think is a glimmer of hope because narcissist Thompson is sidelined in talks (and everyone hoped that this was his demise) and Royal Mail had come to realise this just can’t carry on for the sake of everyone/everything a joint statement is then signed which Royal Mail duly ignore it all goes quiet for best part of a month but Royal Mail still carry on with executive action simply because narcissist Thompson is still calling the shots with his cronies including Ricky mcauley simply because they have this agenda to destroy the unionised workforce for reasons we can only assume? meanwhile these talks are taking place with the chairman and members of the board which have by all accounts taken back to plans which were on the agenda in April 2022!FilthyBloke wrote: ↑26 Mar 2023, 11:13The talks have been a failure.Post69 wrote: ↑26 Mar 2023, 10:51After you’ve had your “strike” and you put your brazier back in your shed together with your “honk if you support us banner” what’s your next plan? Because as far as I can see these arseholes have ignored 18 days of strikes which included strikes during Xmas pressure they are ignoring a joint statement which they signed! They are still steamrolling their agenda through with pace so you can get your brazier and banners back out for days, weeks, months and try and call their bluff and sit on that picket line but this agenda they are on will be pushed through that’s a certainty! so the union need to come up with something pretty substantial other than sitting on a picket line for ever and a day! What I’m curious about is what the f@#k have they been taking about over the last 3 weeks for them to comeback with absolutely nothing and if anything we have gone backwards we are no further and in the exact same position as we were in last April?
Once Black Friday strike was ignored I felt the writing was on the wall.
So strike all you like it isn’t going to make a jot of difference to their agenda! nothing will change until Royal Mail eventually gets rid of Thompson as his disciples because their agenda will include the demise of Royal Mail because it doesn’t make a bit of difference to them as that MP said in the select committee “if this all goes wrong you lot will still walk off into the sunset with you big bonuses so what do you care”
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k979aaa
- Posts: 12578
- Joined: 03 Sep 2007, 19:14
- Gender: Male
- Location: THE NORTH
Re: Financial difficulties
Nothing will change till the whole rotten lot are gone top down to line managers and we can restart this failed service and be rid of the bonus culture and all it's flaws and greed and get managers who can deliver a workforce and not a profit!Post69 wrote: ↑26 Mar 2023, 14:18So far these narcissistic bullies have been called to the select committee twice because of lying second time under oath because of the bullshit that Simon Thompson was putting out the first time and still all three were lying within 30 seconds of declaring the oath not to lie! this is on top of all media coverage basically exposing what this lot are all about! we then get what we all think is a glimmer of hope because narcissist Thompson is sidelined in talks (and everyone hoped that this was his demise) and Royal Mail had come to realise this just can’t carry on for the sake of everyone/everything a joint statement is then signed which Royal Mail duly ignore it all goes quiet for best part of a month but Royal Mail still carry on with executive action simply because narcissist Thompson is still calling the shots with his cronies including Ricky mcauley simply because they have this agenda to destroy the unionised workforce for reasons we can only assume? meanwhile these talks are taking place with the chairman and members of the board which have by all accounts taken back to plans which were on the agenda in April 2022!FilthyBloke wrote: ↑26 Mar 2023, 11:13The talks have been a failure.Post69 wrote: ↑26 Mar 2023, 10:51After you’ve had your “strike” and you put your brazier back in your shed together with your “honk if you support us banner” what’s your next plan? Because as far as I can see these arseholes have ignored 18 days of strikes which included strikes during Xmas pressure they are ignoring a joint statement which they signed! They are still steamrolling their agenda through with pace so you can get your brazier and banners back out for days, weeks, months and try and call their bluff and sit on that picket line but this agenda they are on will be pushed through that’s a certainty! so the union need to come up with something pretty substantial other than sitting on a picket line for ever and a day! What I’m curious about is what the f@#k have they been taking about over the last 3 weeks for them to comeback with absolutely nothing and if anything we have gone backwards we are no further and in the exact same position as we were in last April?
Once Black Friday strike was ignored I felt the writing was on the wall.
So strike all you like it isn’t going to make a jot of difference to their agenda! nothing will change until Royal Mail eventually gets rid of Thompson as his disciples because their agenda will include the demise of Royal Mail because it doesn’t make a bit of difference to them as that MP said in the select committee “if this all goes wrong you lot will still walk off into the sunset with you big bonuses so what do you care”
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scotchy1962
- EX ROYAL MAIL
- Posts: 847
- Joined: 25 Mar 2020, 16:55
- Gender: Male
Re: Financial difficulties
Find your union bashing slightly grating Chris, the union are trying their best to play by the rules against a bunch of half-wits and charlatans who take the rulebook and chuck it out the window, now i know that the moral high ground doesnt always win, but i for one would always try to stay away from RMs current action, they have been asked to keep all negotiations confidential until they conclude and are keeping their side of the bargain. The fact you want to know what they have been offered hasnt been discussed at acas but they probably will have it top of the agenda tomorrow. I am sure once the talks end and you here all the story instead of guesswork you will still complain about something. Have some patience and wait for something to criticise before you start.chrisj wrote: ↑26 Mar 2023, 11:57I think the Union are embarrassed about the own demands and negotiating tactics because why would they not even say what they mean by a decent pay rise - and that is the easiest part of the dispute.
Other Union come out straightaway with their demands not wooly words... It will s as if they are colluding with RM management - no one is stopping them revealing the talks and what has been achieved or not achieved.
To include the issues of discipline in an 11 months negotiation about pay and working conditions is like deliberately sidetracking the whole process.
Even the Revision that they have accepted that it has to take place and the financial situation mentioned in the Joint Statement are not essentially the starting point of the whole dispute and negotiations.
Revision is not working and there are elements and f management trying to force things through but all that can be dealt with locally and by Posties just turning up to work to do a fair day's work for a fair pay; did the service or the politics, just do your job as your employer wants.
Folks will be shocked and ashamed of the CWU when it all comes out. Before anyone start saying what about Royal Mail - what about them? Are they the worst employer in the country or are the terms and pay that bad; if so, people have been saying there are jobs out there - go get those jobs.
The CWU talk about updates and revealing all and about the own proposals and that they don't like the way Royal Mail is being managed or their business model, can they do better. Not! They are even struggling to manage their own Union business!
Let them tell us all that has been happening before asking for more strikes.
Allowances for a few and disciplinary issues for less than 1000 should not trump 120,000 workers and future of our jobs.
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Acca Dacca
- Posts: 3189
- Joined: 16 Aug 2009, 17:13
- Gender: Male
Re: Financial difficulties
Again
Dave Ward said that a true 9% was acceptable
You'll ignore this again and post the same crap though
If you tolerate this, then your paid break will be next
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chrisj
- Posts: 1883
- Joined: 21 Dec 2010, 16:24
- Gender: Male
Re: Financial difficulties
Did he say that right at the start of the dispute? And how often had he said 9% because he rarely talks about the pay rise or having the pay backdated. He might have mentioned that after RM offered their own version of 9% but the CWU never had a starting position that was publicised.
What else has he said definitively about the dispute and negotiations - I hear a lot of waffle but nothing substantive?
What else has he said definitively about the dispute and negotiations - I hear a lot of waffle but nothing substantive?