Special Administration

[Boltonian-White]

With administration a possibility the most interesting factor is a special administration can last up to 8 years whilst normal admin can last around a year.

https://business-insolvency-helpline.co ... istration/

This isn't as simple as some people think. Shareholders I think are in for a shock.

[FilthyBloke]

With administration a possibility the most interesting factor is a special administration can last up to 8 years whilst normal admin can last around a year.

https://business-insolvency-helpline.co ... istration/

This isn't as simple as some people think. Shareholders I think are in for a shock.

Which is why I think the CWU have gone silent. They probably have all the facts and figures now and don’t want to set a ball rolling into a direction that could cause more hardship.
It’s why I think they will put lipstick on this current deal and try to get it through.

Protecting 110,000 jobs is more important than protecting the terms and conditions of jobs that would no longer exist.

[Boltonian-White]

With administration a possibility the most interesting factor is a special administration can last up to 8 years whilst normal admin can last around a year.

https://business-insolvency-helpline.co ... istration/

This isn't as simple as some people think. Shareholders I think are in for a shock.

Which is why I think the CWU have gone silent. They probably have all the facts and figures now and don’t want to set a ball rolling into a direction that could cause more hardship.
It’s why I think they will put lipstick on this current deal and try to get it through.

Protecting 110,000 jobs is more important than protecting the terms and conditions of jobs that would no longer exist.

Administration means the company is still running. Not that everyone loses their job automatically. 8 years is long time to sort a company out. I think you're getting confused with liquidation mate.

[sindba]

If the only way Royal Mail can survive is to shred our terms and conditions to the bone, then it is being grossly mismanaged by greedy incompetents and deserves to die .

If the Government want a national postal service, they will have to renationalise.

If there is no acceptable deal then we should strike. What happens to RM after that is their decision, not the CWU's.

[FilthyBloke]

With administration a possibility the most interesting factor is a special administration can last up to 8 years whilst normal admin can last around a year.

https://business-insolvency-helpline.co ... istration/

This isn't as simple as some people think. Shareholders I think are in for a shock.

Which is why I think the CWU have gone silent. They probably have all the facts and figures now and don’t want to set a ball rolling into a direction that could cause more hardship.
It’s why I think they will put lipstick on this current deal and try to get it through.

Protecting 110,000 jobs is more important than protecting the terms and conditions of jobs that would no longer exist.

Administration means the company is still running. Not that everyone loses their job automatically. 8 years is long time to sort a company out. I think you're getting confused with liquidation mate.

It’s the uncertainty that comes with it. Look at the stress levels and imagine it if the workforce worked under the umbrella of administration.
This has already caused anxiety after 11 months for many people…. 8 years would be too much.

[FilthyBloke]

If the only way Royal Mail can survive is to shred our terms and conditions to the bone, then it is being grossly mismanaged by greedy incompetents and deserves to die .

If the Government want a national postal service, they will have to renationalise.

If there is no acceptable deal then we should strike. What happens to RM after that is their decision, not the CWU's.

The CWU have all but agreed to it, going by their silence and the RM update last night.

As for people deserving to die….. I’m sure thats not in the CWU wording.

[sindba]

If the only way Royal Mail can survive is to shred our terms and conditions to the bone, then it is being grossly mismanaged by greedy incompetents and deserves to die .

If the Government want a national postal service, they will have to renationalise.

If there is no acceptable deal then we should strike. What happens to RM after that is their decision, not the CWU's.

The CWU have all but agreed to it, going by their silence and the RM update last night.

As for people deserving to die….. I’m sure thats not in the CWU wording.

Royal Mail the company not the people, you silly sausage.

[post6675]

i have spoke to a few people at work who seem to want admin and seem to think the government will just come in and every thing will be amazing again. delusional.

[FilthyBloke]

If the only way Royal Mail can survive is to shred our terms and conditions to the bone, then it is being grossly mismanaged by greedy incompetents and deserves to die .

If the Government want a national postal service, they will have to renationalise.

If there is no acceptable deal then we should strike. What happens to RM after that is their decision, not the CWU's.

The CWU have all but agreed to it, going by their silence and the RM update last night.

As for people deserving to die….. I’m sure thats not in the CWU wording.

Royal Mail the company not the people, you silly sausage.

Ah ok.
I still don’t get the mentality though of “if we don’t get a good deal then I’d rather the company collapsed and 110,000 go unemployed.”

Isn’t the deadline tonight for the latest round of deadlines?

[priority102]

Numerous employees who CANNOT, or simply refuse to, think outside of the box are in for a huge wake up call.

All these minority can do is repeat and repeat and repeat and repeat the same lines - greedy shareholders took all the money....managers paid over and above....etc.

As rightly disgusting as all that is - harping on and on and on and on about it is not going to change a thing now going forward. The mess has been created and a solution needs to be found.

If you think things are bad now, you will see just how bad things CAN and WILL get if administration happens. Ward and Co are silent for a reason, they know more that they can let on. It's gone from "this is a 2 part dispute, a no strings pay rise and terms and conditions", to puffed out chests and "we will win this dispute no doubt", then to "win the ballot, win the dispute", and now to silence.

Every picture tells a story......

[sindba]

If the only way Royal Mail can survive is to shred our terms and conditions to the bone, then it is being grossly mismanaged by greedy incompetents and deserves to die .

If the Government want a national postal service, they will have to renationalise.

If there is no acceptable deal then we should strike. What happens to RM after that is their decision, not the CWU's.

The CWU have all but agreed to it, going by their silence and the RM update last night.

As for people deserving to die….. I’m sure thats not in the CWU wording.

Royal Mail the company not the people, you silly sausage.

Ah ok.
I still don’t get the mentality though of “if we don’t get a good deal then I’d rather the company collapsed and 110,000 go unemployed.”

Isn’t the deadline tonight for the latest round of deadlines?

It's about refusing to give in to threats from Royal Mail.

RM are saying to the workforce "let us destroy your pay, terms and conditions or we will kill the company".

Well the only sensible response to that is to call their bluff.

[cobrakai]

Numerous employees who CANNOT, or simply refuse to, think outside of the box are in for a huge wake up call.

All these minority can do is repeat and repeat and repeat and repeat the same lines - greedy shareholders took all the money....managers paid over and above....etc.

As rightly disgusting as all that is - harping on and on and on and on about it is not going to change a thing now going forward. The mess has been created and a solution found.

If you think things are bad now, you will see just how bad things CAN and WILL get if administration happens. Ward and Co are silent for a reason, they know more that they can let on. It's gone from "this is a 2 part dispute, a no strings pay rise and terms and conditions", to puffed out chests and "we will win this dispute no doubt", then to "win the ballot, win the dispute", and now to silence.

Every picture tells a story......

Things can’t get any worse. As you would know if you actually worked for RM oh wait….

[Boltonian-White]

With administration a possibility the most interesting factor is a special administration can last up to 8 years whilst normal admin can last around a year.

https://business-insolvency-helpline.co ... istration/

This isn't as simple as some people think. Shareholders I think are in for a shock.

Which is why I think the CWU have gone silent. They probably have all the facts and figures now and don’t want to set a ball rolling into a direction that could cause more hardship.
It’s why I think they will put lipstick on this current deal and try to get it through.

Protecting 110,000 jobs is more important than protecting the terms and conditions of jobs that would no longer exist.

Administration means the company is still running. Not that everyone loses their job automatically. 8 years is long time to sort a company out. I think you're getting confused with liquidation mate.

It’s the uncertainty that comes with it. Look at the stress levels and imagine it if the workforce worked under the umbrella of administration.
This has already caused anxiety after 11 months for many people…. 8 years would be too much.

Up to 8 years. I think you need to learn what special administration is before you go all doom and gloom. That's why I provided the link above.

It's an administration for public services and companies covered by FCA regulations.

I think maybe you're being a little bit over dramatic old bean.

[hfcbkk1875]

Take hart folks .if we go into admin then it will be the high earner's and monthly salary folks that will get booted first .
It will take time for the administrator to sort out what kind of uso we will deliver ,most likely a 5 day uso maybe even 4 days .
But one thing's for sure management at all levels will be decimated..
Then it'll be out turn but because we are so short staffed nationwide,it shouldn't be to bad ..term and conditions,well we'll have no choice other than take the new contract or find a new job ,but that will likely take around 6months or so to sort out maybe quicker as the union will have no say ...

But hey we're not going into admin it just a threat RM like to have us all talking about ..
F CK em .
Stay strong folks and be prepared to vote no .

[zz666]

Scaremongering. That's what I call it.