An alternative view

[datasaint]

If the company do go into administration, what is the future Royal Mail likely to look like?

A 3 day a week USO, new contracts, different owners?

[redlen]

The Government will have to take it on as a going concern supported by the taxpayer until they can find a new backer. Breaking up the company into smaller units such as Delivery, Mail Centre and VOC will be another alternative. But whatever happens probably loses existing terms and conditions and ends up like Amazon.

But whoever takes on the responsibility will have to satisfy the USO constraints, and that will be a major barrier for any investment opportunities

You can draw a comparison when the government took back into public ownership Rail Track. Share holders compensated and Rail Track no more.

[postslippete]

Royal Mail had to take out loans to fund the transformation process and talking telephone numbers. Just like the Government with Gilts and Bonds has been hit with inflation and interest rates, so more expensive to service those existing loans. This has to be considered by balancing the books with future liability.

The Government took on the pension black hole when privatised, so it's the taxpayer responsible for any deficit.

You cannot argue about the financials of the company being independently audited. Any discrepancies later discovered is a criminal matter.

I'm aware that the financials of this public limited company are independently audited. But I've just explained to you how company's can show a greater profit or loss on their balance sheet.

I don't deny what you said about the government taking on the pension black hole when Royal Mail was privatised either. In fact, the accounting conventions enabled the government to show the assets from the Royal Mail pension scheme as income on the government balance sheet (meaning they could be used to pay down the debt), whereas the additional liabilities are “off-balance-sheet”, so they are not added to the official national debt – even though to all intents and purposes they are.

But there's a familiar theme in all of this which I'm sure you will agree is that Royal Mail are deliberately failing the USO. They don't want it and are not prepared to keep using the profits that they are making on parcels to fund the 6 day letter service that they are contractually obliged by law to deliver.

[redlen]

Have no doubt Royal Mail is being deliberately run down to be taken back into public ownership.

The problem I have is that Ofcom is the regulator and has been silent in all of this. They enforce the USO. Why did it take a Parliamentary inquiry to raise the issue?

[daveyeff]

hidden agenda?

[Bob Cooney]

Once again people persuade themselves its their fault and that we have to face "economic reality " and the attacks on everybody from middle class downwards using nflation and fuel prices is not a coordinated attack but just economic reality.

That's not to say this union or any other union can mitigate/ these attacks on their own but at least know why and how your getting screwed

Of course its coordinated but be carefull Bob you will be called a conspiracy nut people like to have a rosey outlook.

Michael Parenti ( Socialist Historian ) and one of the few on the left who hasn't lost his marbles here's what he says on Conspiracy Theory :

" Conspiracy Theory is a term that's used whenever anybody ascribes conscious intent to people with power "

[redlen]

Trouble is Michael Parenti subscribes to Marxist Ideology so cannot be objective in his conclusions.
To be objective you need to be neutral

His so called consciousness is based on his own foresight and political persuasion

Am guilty myself with peoples perception on what I am saying (ascribed Intent) and what I truly am saying. Only say what is needed at the time, anything else is mindless clutter.

[Bob Cooney]

Trouble is Michael Parenti subscribes to Marxist Ideology so cannot be objective in his conclusions.
To be objective you need to be neutral

His so called consciousness is based on his own foresight and political persuasion

Am guilty myself with peoples perception on what I am saying (ascribed Intent) and what I truly am saying. Only say what is needed at the time, anything else is mindless clutter.

You don't understand what he means by intent.

You beleive everything is unintended consequences

Your a dupe but will never admit it

[redlen]

Hardly a dupe

Intent/ Mens Rea been around for a millennia, not during a temporary Marxist perspective.

Unintended consequences is causation, not intent.

[Postee2]

Please Martin, and the union can you say are you exploring options apart from strikes such as employment law legal action against these revision practices.
As employees none of us want Royal Mail going bust and.custoners moving away again. We've see mail increase again recently but more strikes may have terrible consequences.
Surely there are other tools in the box.
En masse legal action being one so that the courts can decide whether what Royal Mail are doing is fair and in line with employment law.
I'd appreciate a reply.
Regards.

[Clappedoutpostie]

Please Martin, and the union can you say are you exploring options apart from strikes such as employment law legal action against these revision practices.
As employees none of us want Royal Mail going bust and.custoners moving away again. We've see mail increase again recently but more strikes may have terrible consequences.
Surely there are other tools in the box.
En masse legal action being one so that the courts can decide whether what Royal Mail are doing is fair and in line with employment law.
I'd appreciate a reply.
Regards.

It’s s**t or bust time (literally)

[redlen]

Nothing Royal Mail are doing breaches employment law.
Why do you think your contract of employment is being breached?

[chrisj]

The Alternative view title and missive from Dingo tells me that Dave Ward and Andy Fury needs to step aside - they are a stumbling block to progress being made

The PR guy should be sacked!

[chrisj]

The Alternative view title and missive from Dingo tells me that Dave Ward and Andy Fury needs to step aside - they are a stumbling block to progress being made

The PR guy should be sacked!

[Postee2]

Nothing Royal Mail are doing breaches employment law.
Why do you think your contract of employment is being breached?

I'd rather get a qualified employment law expert to answer that thanks, mediated by the union. Have you seen the way the repick has been conducted. You can't tell me there aren't even grey areas that aren't potentially crossing the line there.
As you well know, law is always subjective anyway. Thanks for your input but totally unhelpful.