Tony Bouch - PEC Member in a personal capacity

[freespeech]

I think the CWU have been told by RM of it's perilous financial position which they cannot pass on because it would break confidentiality rules. If CWU hadn't endorsed the deal would RM have entered administration, withdrawn the offer and laid off thousands? RM is asset rich but cash poor. If the dispute carries on, strike action is called and RM do enter administration it will not be able to raise capital until the administrator sorts out all RMs problems. What that would mean is anybody's guess.

You keep parroting the same story - would you stop until you have at least done some research?

First RM won't enter administration. RM is a part of IDS. RM's financial stats are terrible but they have been cross-subsidized by IDS and prior to IDS by GLS.

IDS finances are fine - check out https://simplywall.st/stocks/gb/transpo ... res/health

IDS has to ask the government's permission to put RM into a special type of administration. The government can refuse!!! If the government won't let the USO be reduced to 5 days what makes you think they'll let IDS shed their responsibilities to fulfil the USO by placing RM in special administration? By all rational analysis - it won't happen.

Do a bit more lateral thinking. The reason the CWU are supporting this pig of a deal is because they were fiercely attacked
1/ reps suspended
2/ no automatic deduction of union subs from payroll
3/ allegedly - vast reduction in amount of money paid to senior CWU when released from duties
4/ only consultative roll in work-place

The RM twisted the metaphorical arm of CWU behind its back until it was at point of snapping - CWU have squealed "I submit" and R.M said there's a price to pay - promote this deal - and CWU leadership - stopped roaring like a lion and are bleating like meek lambs.

Being part of a group is irrelevant……it’s perfectly legal to place one company into administration and it’s done quite often.

[DGH]

At last they've conceded that bench merging and multi bundle delivery are among the shittest ideas in a sea of s**t ideas.

So what's the secret magical alternative indoor method they think will save 20-35 minutes per duty per day.

It's basically the same, but will be called something different. The Frameless Office.
My understanding is rather than have two bundles of mail (one sequence, one unsequenced you've put in order) plus a bundle of d2ds to carry, you'll prep unsequenced items into your sequence and then have that as a bundles plus door to doors.

It might be half workable if, say 90% of all non packets came sequenced. But it's just a recipe for catastrophe in so many ways.

[enskied]

I would like to know , and I know there's no chance.
Who Royal Mail's advisors were/are and how much they are paid. I certainly think we have the right to know how much

[stevejm]

I think the CWU have been told by RM of it's perilous financial position which they cannot pass on because it would break confidentiality rules. If CWU hadn't endorsed the deal would RM have entered administration, withdrawn the offer and laid off thousands? RM is asset rich but cash poor. If the dispute carries on, strike action is called and RM do enter administration it will not be able to raise capital until the administrator sorts out all RMs problems. What that would mean is anybody's guess.

You keep parroting the same story - would you stop until you have at least done some research?

First RM won't enter administration. RM is a part of IDS. RM's financial stats are terrible but they have been cross-subsidized by IDS and prior to IDS by GLS.

IDS finances are fine - check out https://simplywall.st/stocks/gb/transpo ... res/health

IDS has to ask the government's permission to put RM into a special type of administration. The government can refuse!!! If the government won't let the USO be reduced to 5 days what makes you think they'll let IDS shed their responsibilities to fulfil the USO by placing RM in special administration? By all rational analysis - it won't happen.

Do a bit more lateral thinking. The reason the CWU are supporting this pig of a deal is because they were fiercely attacked
1/ reps suspended
2/ no automatic deduction of union subs from payroll
3/ allegedly - vast reduction in amount of money paid to senior CWU when released from duties
4/ only consultative roll in work-place

The RM twisted the metaphorical arm of CWU behind its back until it was at point of snapping - CWU have squealed "I submit" and R.M said there's a price to pay - promote this deal - and CWU leadership - stopped roaring like a lion and are bleating like meek lambs.

Being part of a group is irrelevant……it’s perfectly legal to place one company into administration and it’s done quite often.

Not with R.M - because of the USO

[stevejm]

You keep parroting the same story - would you stop until you have at least done some research?

First RM won't enter administration. RM is a part of IDS. RM's financial stats are terrible but they have been cross-subsidized by IDS and prior to IDS by GLS.

And the cross subsidy is to stop. That is what Simon said.
Do you not remember that from your research?

They can stop cross subsidising. RM will fail. They will ask govt to put it in Special Administration.
The Government will say "No, your group has the means to support this and it shall not be a burden on the taxpayer. That was why you were privatised in the first place."

IDS will start cross subsidizing again.

[clashcityrocker]

That is your opinion.
It isn't necessarily factual.
Can the government really force a private company to use the profits from one part of its business to cross subsidise a failing part?

What if they then sell off GLS?
Or will the government prevent that?
In your opinion?

[timbo1234]

You keep parroting the same story - would you stop until you have at least done some research?

First RM won't enter administration. RM is a part of IDS. RM's financial stats are terrible but they have been cross-subsidized by IDS and prior to IDS by GLS.

And the cross subsidy is to stop. That is what Simon said.
Do you not remember that from your research?

They can stop cross subsidising. RM will fail. They will ask govt to put it in Special Administration.
The Government will say "No, your group has the means to support this and it shall not be a burden on the taxpayer. That was why you were privatised in the first place."

IDS will start cross subsidizing again.

If the company is broken up and made separate entities the option of cross subsidising will surely be irrelevant.

[freespeech]

I think the CWU have been told by RM of it's perilous financial position which they cannot pass on because it would break confidentiality rules. If CWU hadn't endorsed the deal would RM have entered administration, withdrawn the offer and laid off thousands? RM is asset rich but cash poor. If the dispute carries on, strike action is called and RM do enter administration it will not be able to raise capital until the administrator sorts out all RMs problems. What that would mean is anybody's guess.

You keep parroting the same story - would you stop until you have at least done some research?

First RM won't enter administration. RM is a part of IDS. RM's financial stats are terrible but they have been cross-subsidized by IDS and prior to IDS by GLS.

IDS finances are fine - check out https://simplywall.st/stocks/gb/transpo ... res/health

IDS has to ask the government's permission to put RM into a special type of administration. The government can refuse!!! If the government won't let the USO be reduced to 5 days what makes you think they'll let IDS shed their responsibilities to fulfil the USO by placing RM in special administration? By all rational analysis - it won't happen.

Do a bit more lateral thinking. The reason the CWU are supporting this pig of a deal is because they were fiercely attacked
1/ reps suspended
2/ no automatic deduction of union subs from payroll
3/ allegedly - vast reduction in amount of money paid to senior CWU when released from duties
4/ only consultative roll in work-place

The RM twisted the metaphorical arm of CWU behind its back until it was at point of snapping - CWU have squealed "I submit" and R.M said there's a price to pay - promote this deal - and CWU leadership - stopped roaring like a lion and are bleating like meek lambs.

Being part of a group is irrelevant……it’s perfectly legal to place one company into administration and it’s done quite often.

Not with R.M - because of the USO

It's already been confirmed that special administration would apply. You made the point that there is no risk as the Group was in profit. My point is that that is irrelevant.....any company within a group can go into administration. In the case of RM special administration.

[postslippete]

I think the CWU have been told by RM of it's perilous financial position which they cannot pass on because it would break confidentiality rules. If CWU hadn't endorsed the deal would RM have entered administration, withdrawn the offer and laid off thousands? RM is asset rich but cash poor. If the dispute carries on, strike action is called and RM do enter administration it will not be able to raise capital until the administrator sorts out all RMs problems. What that would mean is anybody's guess.

You keep parroting the same story - would you stop until you have at least done some research?

First RM won't enter administration. RM is a part of IDS. RM's financial stats are terrible but they have been cross-subsidized by IDS and prior to IDS by GLS.

IDS finances are fine - check out https://simplywall.st/stocks/gb/transpo ... res/health

IDS has to ask the government's permission to put RM into a special type of administration. The government can refuse!!! If the government won't let the USO be reduced to 5 days what makes you think they'll let IDS shed their responsibilities to fulfil the USO by placing RM in special administration? By all rational analysis - it won't happen.

Do a bit more lateral thinking. The reason the CWU are supporting this pig of a deal is because they were fiercely attacked
1/ reps suspended
2/ no automatic deduction of union subs from payroll
3/ allegedly - vast reduction in amount of money paid to senior CWU when released from duties
4/ only consultative roll in work-place

The RM twisted the metaphorical arm of CWU behind its back until it was at point of snapping - CWU have squealed "I submit" and R.M said there's a price to pay - promote this deal - and CWU leadership - stopped roaring like a lion and are bleating like meek lambs.

Timbo keeps going on about administration but by his own posts today he even admits that Royal Mail is asset rich but cash poor. Royal Mail has billions of pounds in assets and in other words, they can still pay off their debts. When companies apply for administration it's because they can't pay their debts and for our company that will be for the govt to decide.

One of the question will be are IDS making financial losses right now?? Bearing in mind that we haven't had a strike for nearly 4 months so the losses are not due to IA, the company have made duties bigger in the last quarter and have been failing the USO every day, managers haven't been paying out overtime to get stuff cleared unless there's 5 days worth, RM have ramped up postage prices, they have decommissioned vans and yet we are still delivering tons of parcels which have increase since COVID. Additionally, the govt still want to know why IDS have decided to stop the cross subsidy arrangements from GLS (which IDS also own and is profitable) because they believe that it should be used to fund the USO. That is why they have refused a day off the USO

And in spite of all this, the govt could even allow RM a day off the USO to help them make even bigger profits. They could look at downstream access companies and change things legally. Going into administration would effectively replace the current board, which wouldn't be a bad thing as it's rotten to the core. But administration as I keep telling people is a LAST RESORT.

The company are desperate for an agreement and the CWU have surrendered not because of the companies financial position which was entirely due to the mismanagement of the RM board, but because of some of the reasons outlined above.

The CWu won't even admit to its members that it's basically a crap deal which speaks volumes about how the Union is being run to protect its own privileges and interests at the top.

[Hyrrokkin]

Tony Bouch
You can twist and spin all you like
CWU have sold us out to save their own ass...again
The "sell out"... sorry agreement is a disgrace - you know it we know and RM love it
Simple as that

[barrychuckle]

Tony visited us on our picket line. Promised the earth and delivered nothing. Hang your head in shame you crossed all the red lines that you promised you wouldn’t.

[sindba]

There's no point trying to second guess whether RM's administration threat was real, and if so how it would play out. Cross that bridge if and when we come to it.

For now, we should just vote on the deal's merits. Of which there are none.

[datasaint]

The union is playing its members for fools, they're waiting until May 17th to send out the ballot papers, after Royal Mail announce record losses (£400m) to the stock market.

[datasaint]

I think the CWU have been told by RM of it's perilous financial position which they cannot pass on because it would break confidentiality rules. If CWU hadn't endorsed the deal would RM have entered administration, withdrawn the offer and laid off thousands? RM is asset rich but cash poor. If the dispute carries on, strike action is called and RM do enter administration it will not be able to raise capital until the administrator sorts out all RMs problems. What that would mean is anybody's guess.

You keep parroting the same story - would you stop until you have at least done some research?

First RM won't enter administration. RM is a part of IDS. RM's financial stats are terrible but they have been cross-subsidized by IDS and prior to IDS by GLS.

IDS finances are fine - check out https://simplywall.st/stocks/gb/transpo ... res/health

IDS has to ask the government's permission to put RM into a special type of administration. The government can refuse!!! If the government won't let the USO be reduced to 5 days what makes you think they'll let IDS shed their responsibilities to fulfil the USO by placing RM in special administration? By all rational analysis - it won't happen.

Do a bit more lateral thinking. The reason the CWU are supporting this pig of a deal is because they were fiercely attacked
1/ reps suspended
2/ no automatic deduction of union subs from payroll
3/ allegedly - vast reduction in amount of money paid to senior CWU when released from duties
4/ only consultative roll in work-place

The RM twisted the metaphorical arm of CWU behind its back until it was at point of snapping - CWU have squealed "I submit" and R.M said there's a price to pay - promote this deal - and CWU leadership - stopped roaring like a lion and are bleating like meek lambs.

Spot on post.

It's so true as well. The rhetoric from the union went from one of fighting to one of taking Rm's side, unbelievable.

[enskied]

There's no point trying to second guess whether RM's administration threat was real, and if so how it would play out. Cross that bridge if and when we come to it.

For now, we should just vote on the deal's merits. Of which there are none.

There are none for us. The executive has sat on its fat arse doing the bare minimum for years.

I'm alright Jack.

Now you plead for our support... That is a huge ask given what you haven't done for us.