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Where's the news coverage : Royal Mail bosses threaten to declare insolvency as pay talks near collapse

Pay talks 2022 discussion, news, LTB's RMCtv and all BUSINESS RECOVERY, TRANSFORMATION AND GROWTH AGREEMENT chat
norris9
Posts: 2618
Joined: 27 Feb 2019, 17:32
Gender: Female

Re: Where's the news coverage : Royal Mail bosses threaten to declare insolvency as pay talks near collapse

Post by norris9 »

manfromuncle wrote:
28 Mar 2023, 13:04
Nobody will buy the letters side with the USO obligation therefor we will be in all intents and purposes re-nationalised.
The government administrators will then be under pressure to deliver. It could be a better result than it remaining with the current leadership.
I would say this is either gross incompetence or deliberate policy to reach such an outcome. You decide..
What would be stopping a government run Royal Mail from also delivering parcels.
redlen
Posts: 1331
Joined: 21 Dec 2021, 12:05
Gender: Male

Re: Where's the news coverage : Royal Mail bosses threaten to declare insolvency as pay talks near collapse

Post by redlen »

Parcels/Packets are still covered under the USO
fredtheegg
MAIL CENTRES/PROCESSING
Posts: 53
Joined: 17 Nov 2011, 17:19
Gender: Male

Re: Where's the news coverage : Royal Mail bosses threaten to declare insolvency as pay talks near collapse

Post by fredtheegg »

DiamondSmiles wrote:
28 Mar 2023, 08:16
fredtheegg wrote:
27 Mar 2023, 22:19
If RM go into administration and possibly run by the government because of the USO, what happens to the pension we are all contributing too?

Company pensions are protected if funded correctly all along. Should it have been underfunded there is a Government lifeboat scheme that would come into force.

Still don’t trust it. Look what happened to the Mirror Group all those years ago. Hopefully protections are now in place due to this incident and others.
parforthewalk
Posts: 149
Joined: 10 Feb 2013, 17:23
Gender: Male

Re: Where's the news coverage : Royal Mail bosses threaten to declare insolvency as pay talks near collapse

Post by parforthewalk »

redlen wrote:
28 Mar 2023, 14:47
In my opinion Royal Mail will be under state control and an administrator appointed to run the company.

To try and save the company if no additional funding can be acquired, GLS will be sold to Daniel Křetínský. The Government has already given the green light.

Contracts of employment will be history with terms and conditions to bring the business back into profit and offset its debt to capital ratio. The appointed administrator has that power

This will all depend on if a deal can be reached by the CWU and Royal Mail that expires tomorrow
Ok let's say hypothetically :chuckle Administrator is brought in, you would like to think that it's all hands on deck inc those on suspension to meet the currently failing USO :roll:
sindba
Posts: 1442
Joined: 05 Feb 2012, 20:27
Gender: Male

Re: Where's the news coverage : Royal Mail bosses threaten to declare insolvency as pay talks near collapse

Post by sindba »

parforthewalk wrote:
28 Mar 2023, 17:58
redlen wrote:
28 Mar 2023, 14:47
In my opinion Royal Mail will be under state control and an administrator appointed to run the company.

To try and save the company if no additional funding can be acquired, GLS will be sold to Daniel Křetínský. The Government has already given the green light.

Contracts of employment will be history with terms and conditions to bring the business back into profit and offset its debt to capital ratio. The appointed administrator has that power

This will all depend on if a deal can be reached by the CWU and Royal Mail that expires tomorrow
Ok let's say hypothetically :chuckle Administrator is brought in, you would like to think that it's all hands on deck inc those on suspension to meet the currently failing USO :roll:
Good idea.

Expand it to most managerial and admin employees too. Offer them a job as a postie, or no job at all.

All hands to the pump, Team!
parforthewalk
Posts: 149
Joined: 10 Feb 2013, 17:23
Gender: Male

Re: Where's the news coverage : Royal Mail bosses threaten to declare insolvency as pay talks near collapse

Post by parforthewalk »

sindba wrote:
28 Mar 2023, 18:28
parforthewalk wrote:
28 Mar 2023, 17:58
redlen wrote:
28 Mar 2023, 14:47
In my opinion Royal Mail will be under state control and an administrator appointed to run the company.

To try and save the company if no additional funding can be acquired, GLS will be sold to Daniel Křetínský. The Government has already given the green light.

Contracts of employment will be history with terms and conditions to bring the business back into profit and offset its debt to capital ratio. The appointed administrator has that power

This will all depend on if a deal can be reached by the CWU and Royal Mail that expires tomorrow
Ok let's say hypothetically :chuckle Administrator is brought in, you would like to think that it's all hands on deck inc those on suspension to meet the currently failing USO :roll:
Good idea.

Expand it to most managerial and admin employees too. Offer them a job as a postie, or no job at all.

All hands to the pump, Team!
Thx :thumbup, but the sixty four thousand dollar question is:-Redlen are up for it? :wink:
timbo1234
Posts: 312
Joined: 17 Jun 2015, 21:14
Gender: Male

Re: Where's the news coverage

Post by timbo1234 »

LouBarlow wrote:
28 Mar 2023, 11:27
timbo1234 wrote:
28 Mar 2023, 11:13
LouBarlow wrote:
28 Mar 2023, 10:41
timbo1234 wrote:
28 Mar 2023, 10:15
LouBarlow wrote:
28 Mar 2023, 07:57
timbo1234 wrote:
27 Mar 2023, 20:52
redlen wrote:
27 Mar 2023, 19:53
Maybe if the CWU took its demands with suspended and dismissed reps out of the talks who have their own disciplinary process, agreement on the actual cause of the complaint and dispute can be made. It is no more than Russian roulette now on the very survival and peoples livelihoods
More doom , gloom and despondency. Say something positive that is based in fact not just your barrack room lawyers opinion.
There is literally nothing positive to discuss right now, unless you care to remove your head from the sand and inform us otherwise?
If you can't say anything positive then say nothing . The situation is bad but adding yours and one or two others barrack room lawyers opinions won't improve it. Support the majority of your colleagues and don't keep undermining everything the CWU does. You are not in the talks so don't second guess the outcome.
Nonsense. This is a discussion board. If you don’t like the comments being posted, you are free to block them or leave. Don’t tell people what they can and cannot post.
You don't post discussion points. They are your opinions which are usually all negative and designed to undermine. If I felt like you I would join the union, become a rep, work my way up then you can have some influence on what the CWU does. Don't just moan from the sidelines.
As opposed to your positive contributions I suppose? As I said before, feel free to offer up some hope for those of us negative types who see little to no prospect of a positive outcome for this dispute. Until then, stop back seat moderating.
I am actively supporting my union who have been duped into talks with an employer which has no moral compass and is determined to demoralise and destroy it's workforce. Do you not think that negative comments divide the workforce , which is exactly what RM want. It's called divide and conquer. If we show we will not be bullied or threatened into submission then we stand a chance. If we give in do you honestly think that RM will honour any agreement? Bullies thrive when nobody stands up to them. I certainly won't stay in RM if in this toxic atmosphere. Will you?
LouBarlow
Posts: 4682
Joined: 15 Oct 2007, 18:56

Re: Where's the news coverage

Post by LouBarlow »

timbo1234 wrote:
28 Mar 2023, 19:28
LouBarlow wrote:
28 Mar 2023, 11:27
timbo1234 wrote:
28 Mar 2023, 11:13
LouBarlow wrote:
28 Mar 2023, 10:41
timbo1234 wrote:
28 Mar 2023, 10:15
LouBarlow wrote:
28 Mar 2023, 07:57
timbo1234 wrote:
27 Mar 2023, 20:52
redlen wrote:
27 Mar 2023, 19:53
Maybe if the CWU took its demands with suspended and dismissed reps out of the talks who have their own disciplinary process, agreement on the actual cause of the complaint and dispute can be made. It is no more than Russian roulette now on the very survival and peoples livelihoods
More doom , gloom and despondency. Say something positive that is based in fact not just your barrack room lawyers opinion.
There is literally nothing positive to discuss right now, unless you care to remove your head from the sand and inform us otherwise?
If you can't say anything positive then say nothing . The situation is bad but adding yours and one or two others barrack room lawyers opinions won't improve it. Support the majority of your colleagues and don't keep undermining everything the CWU does. You are not in the talks so don't second guess the outcome.
Nonsense. This is a discussion board. If you don’t like the comments being posted, you are free to block them or leave. Don’t tell people what they can and cannot post.
You don't post discussion points. They are your opinions which are usually all negative and designed to undermine. If I felt like you I would join the union, become a rep, work my way up then you can have some influence on what the CWU does. Don't just moan from the sidelines.
As opposed to your positive contributions I suppose? As I said before, feel free to offer up some hope for those of us negative types who see little to no prospect of a positive outcome for this dispute. Until then, stop back seat moderating.
I am actively supporting my union who have been duped into talks with an employer which has no moral compass and is determined to demoralise and destroy it's workforce. Do you not think that negative comments divide the workforce , which is exactly what RM want. It's called divide and conquer. If we show we will not be bullied or threatened into submission then we stand a chance. If we give in do you honestly think that RM will honour any agreement? Bullies thrive when nobody stands up to them. I certainly won't stay in RM if in this toxic atmosphere. Will you?
I am actively supporting my union by doing everything they ask of me thus far, including paying my subs for 20+ years, striking when told to, voting for deals in the past I have been instructed to vote for. None of that changes my right to offer my opinion on this forum, and yes, it is undeniably a negative one every time I post, because every stage of this dispute has been fumbled by the CWU and you and me are paying for it. Supporting the union doesn’t mean you can’t criticise it. This isn’t a football club that inspires blind loyalty.
POSTPERSON50
Posts: 511
Joined: 21 Oct 2021, 11:09
Gender: Female

Re: Where's the news coverage : Royal Mail bosses threaten to declare insolvency as pay talks near collapse

Post by POSTPERSON50 »

Bored to tears with a year of pussyfooting around with half arsed strikes and empty threats of action from this Union.

Honestly, most of us in my unit have completely lost faith in the CWU.
jbo5066
Posts: 356
Joined: 06 Nov 2016, 14:31
Gender: Male

Re: Where's the news coverage : Royal Mail bosses threaten to declare insolvency as pay talks near collapse

Post by jbo5066 »

Just seen something on workplace taken from Darren Jones twitter page ... I've tried to copy it, but not working - I'm not that tech savvy, sorry 😔 And I'm not on twitter ...

Basically, he said it's scandalous if it's the case that RM want to put the letters side into administration and if that happens the government will take letters on and his select committee will be part of the process.

Not sure if this is just DJ's thoughts or he has some insider knowledge...
Acca Dacca
Posts: 3189
Joined: 16 Aug 2009, 17:13
Gender: Male

Re: Where's the news coverage : Royal Mail bosses threaten to declare insolvency as pay talks near collapse

Post by Acca Dacca »

jbo5066 wrote:
28 Mar 2023, 20:15
Just seen something on workplace taken from Darren Jones twitter page ... I've tried to copy it, but not working - I'm not that tech savvy, sorry 😔 And I'm not on twitter ...

Basically, he said it's scandalous if it's the case that RM want to put the letters side into administration and if that happens the government will take letters on and his select committee will be part of the process.

Not sure if this is just DJ's thoughts or he has some insider knowledge...
If you tolerate this, then your paid break will be next
needadvice
MDEC
Posts: 244
Joined: 20 Jun 2012, 23:39
Gender: Female

Re: Where's the news coverage : Royal Mail bosses threaten to declare insolvency as pay talks near collapse

Post by needadvice »

Acca Dacca wrote:
28 Mar 2023, 20:26
jbo5066 wrote:
28 Mar 2023, 20:15
Just seen something on workplace taken from Darren Jones twitter page ... I've tried to copy it, but not working - I'm not that tech savvy, sorry 😔 And I'm not on twitter ...

Basically, he said it's scandalous if it's the case that RM want to put the letters side into administration and if that happens the government will take letters on and his select committee will be part of the process.

Not sure if this is just DJ's thoughts or he has some insider knowledge...
So Darren Jones isn't all what he is hyped up to be. RM bosses went in that committee gleefully wanting to be publicly shamed and Dazza gave it to them and give them a helping hand in reducing the USO. I watched it and I could sense the smirk inside ST and co because its exactly what they wanted to happen
needadvice
MDEC
Posts: 244
Joined: 20 Jun 2012, 23:39
Gender: Female

Re: Where's the news coverage : Royal Mail bosses threaten to declare insolvency as pay talks near collapse

Post by needadvice »

Instead of the union telling us the strike dates, I think they should lay down 3 strike options for us and it should be put to a vote...I.e. 1 week all out, 2 all out. A month all out
k979aaa
Posts: 12578
Joined: 03 Sep 2007, 19:14
Gender: Male
Location: THE NORTH

Re: Where's the news coverage : Royal Mail bosses threaten to declare insolvency as pay talks near collapse

Post by k979aaa »

needadvice wrote:
28 Mar 2023, 20:37
Instead of the union telling us the strike dates, I think they should lay down 3 strike options for us and it should be put to a vote...I.e. 1 week all out, 2 all out. A month all out
Illegal