IT'S TIME THE UNION PUBLISHES ALL THEIR SALARIES , EXPENSES & PENSIONS

[stevejm]

"In the statement to members for the period ended 31 December 2021

The total income for the union = £42,633,767
including members subs = £27,985,862
and total expenditure = £25,629,800"

If those figueres are correct I would hope to be able to see a good accounting of the plus £17, million difference between Income and expenditure.

£17 million in the bank? rainy day fund?

Also there should be a detailed breakdown of the expenditure. Listing of assets. Listing of capital purchases.

Also I'd presume these accounts are professionaly audited ?? by ?? Can't argue with professionally audited accounts. (unless you're an auditor)

[LouBarlow]

Yes, weeks before a crucial vote on all our futures, let’s critique the salaries of the people being paid to represent us. That is certainly the most important thing right now. Definitely what we should be focussing on.

[postslippete]

I've done quite extensive research regarding the Union salaries and it is telling that a huge proportion of our subs is spent on CWU officials. On top of that it also gave the TUC generous affiliation fees and political donations to the Labour Party. Even though they pretty much give nothing back in return.
But I think it is of some significance that the CWU had not previously had a national strike since 2009 and in those 11 years the Union has amassed over £300 million of dues money. I'm aware that we are a much smaller union than Unison but I can't remember there really being a generous strike fund last year.

For the CWU the real challenge is not just forcing a crap deal through but in retaining and even recruiting new members to their cause especially considering that these new recruits are on less money than us.

[LouBarlow]

I've done quite extensive research regarding the Union salaries and it is telling that a huge proportion of our subs is spent on CWU officials. On top of that it also gave the TUC generous affiliation fees and political donations to the Labour Party. Even though they pretty much give nothing back in return.
But I think it is of some significance that the CWU had not previously had a national strike since 2009 and in those 11 years the Union has amassed over £300 million of dues money. I'm aware that we are a much smaller union than Unison but I can't remember there really being a generous strike fund last year.

For the CWU the real challenge is not just forcing a crap deal through but in retaining and even recruiting new members to their cause especially considering that these new recruits are on less money than us.

How much money do you think your labour contributes towards making the major shareholders in Royal Mail richer? You are not being worked to the bone to make Dave Ward richer. You are lining the pockets of the CEO and the board of RM. The fact that you are more obsessed with the CWU and their comparatively meagre salaries, just emphasises how successful Royal Mail have been in dividing the union members. You are being distracted. Focus on the real villains here.

[postslippete]

How much money do you think your labour contributes towards making the major shareholders in Royal Mail richer? You are not being worked to the bone to make Dave Ward richer. You are lining the pockets of the CEO and the board of RM. The fact that you are more obsessed with the CWU and their comparatively meagre salaries, just emphasises how successful Royal Mail have been in dividing the union members. You are being distracted. Focus on the real villains here.

It's more the case of the CWU capitulating that has divided the Union members. I know there were never any easy solutions to resolving this dispute but this deal is only designed to further line the bulging pockets of the major shareholders and the RM board. That part is inevitable but its sad that the company can only make bigger and bigger profits at the expense of its staff getting poorer and poorer.

[aiden01]

How much money do you think your labour contributes towards making the major shareholders in Royal Mail richer? You are not being worked to the bone to make Dave Ward richer. You are lining the pockets of the CEO and the board of RM. The fact that you are more obsessed with the CWU and their comparatively meagre salaries, just emphasises how successful Royal Mail have been in dividing the union members. You are being distracted. Focus on the real villains here.

It's more the case of the CWU capitulating that has divided the Union members. I know there were never any easy solutions to resolving this dispute but this deal is only designed to further line the bulging pockets of the major shareholders and the RM board. That part is inevitable but its sad that the company can only make bigger and bigger profits at the expense of its staff getting poorer and poorer.

How is it lining the major shareholders profits no dividends paid this year. as for bigger an bigger profits how much did rm make this year.

[postslippete]

It's more the case of the CWU capitulating that has divided the Union members. I know there were never any easy solutions to resolving this dispute but this deal is only designed to further line the bulging pockets of the major shareholders and the RM board. That part is inevitable but its sad that the company can only make bigger and bigger profits at the expense of its staff getting poorer and poorer.

How is it lining the major shareholders profits no dividends paid this year. as for bigger an bigger profits how much did rm make this year.

The major shareholders in IDS are long term investors. They are not looking to make a quick buck and even though the company dropped out of the footsie 100 they expect the share price to rise from just above its 52 week low. It's not just about the dividend yield of 7.70%; the shareholders are expecting the IDS to be making big profits in years to come when all the changes that Royal Mail have made are bedded in. The Forecasts do have a decent profit and a price-to-earnings (P/E) ratio of less than 10 down for 2025.

But there is a a lot riding on getting this dispute resolved especially as it generates billions of pounds in revenue compared to a market cap of around 2 billion. What Royal Mail desperately need is its operation working like GLS which is positively booming in over 40 countries. If it can do that you can expect this company to be rolling in profits; but if it can't, then it's not unfeasible that the board might split the companies up especially as they won't cross-subsidise. But that's a completely different topic.

[POSTMAN]

LTB 164/22 – CWU CONSOLIDATED ACCOUNTS 2021

[POSTMAN]

costs.gif

[steve2zaf]

I've done quite extensive research regarding the Union salaries and it is telling that a huge proportion of our subs is spent on CWU officials. On top of that it also gave the TUC generous affiliation fees and political donations to the Labour Party. Even though they pretty much give nothing back in return.
But I think it is of some significance that the CWU had not previously had a national strike since 2009 and in those 11 years the Union has amassed over £300 million of dues money. I'm aware that we are a much smaller union than Unison but I can't remember there really being a generous strike fund last year.

For the CWU the real challenge is not just forcing a crap deal through but in retaining and even recruiting new members to their cause especially considering that these new recruits are on less money than us.

How much money do you think your labour contributes towards making the major shareholders in Royal Mail richer? You are not being worked to the bone to make Dave Ward richer. You are lining the pockets of the CEO and the board of RM. The fact that you are more obsessed with the CWU and their comparatively meagre salaries, just emphasises how successful Royal Mail have been in dividing the union members. You are being distracted. Focus on the real villains here.

"meagre salaries " really??? Lou you are such a dip sh@t . You must be enjoying inhabiting Wards backside . Everything you say would resemble his excrement . The CWU could s**t on your doorstep and you would keep it as a trophy.

[LouBarlow]

I've done quite extensive research regarding the Union salaries and it is telling that a huge proportion of our subs is spent on CWU officials. On top of that it also gave the TUC generous affiliation fees and political donations to the Labour Party. Even though they pretty much give nothing back in return.
But I think it is of some significance that the CWU had not previously had a national strike since 2009 and in those 11 years the Union has amassed over £300 million of dues money. I'm aware that we are a much smaller union than Unison but I can't remember there really being a generous strike fund last year.

For the CWU the real challenge is not just forcing a crap deal through but in retaining and even recruiting new members to their cause especially considering that these new recruits are on less money than us.

How much money do you think your labour contributes towards making the major shareholders in Royal Mail richer? You are not being worked to the bone to make Dave Ward richer. You are lining the pockets of the CEO and the board of RM. The fact that you are more obsessed with the CWU and their comparatively meagre salaries, just emphasises how successful Royal Mail have been in dividing the union members. You are being distracted. Focus on the real villains here.

"meagre salaries " really??? Lou you are such a dip sh@t . You must be enjoying inhabiting Wards backside . Everything you say would resemble his excrement . The CWU could s**t on your doorstep and you would keep it as a trophy.

I can’t keep up. What am I now, a manager or a union fanboy? Haven’t quite grasped the meaning of the word comparatively have you? And I’m the dumb one apparently. Look up how much the RM top brass pocket and then c-o-m-p-a-r-e that to what the union leaders make. And people seem fine with that, but sure, dump on the union again instead of focusing on your exploitation of labour that is making the richest at RM even richer.

Also, you don’t have to pay union fees if you don’t agree with how their wages are decided. Feel free to leave if you are that offended.