bonus june 2009

[Stormproof]

I think its the 50/50 money next week and the share bonus in June......have'nt heard anything official yet tho

[Big Daz]

From royal mail yesterday

Payment under the Colleague Share scheme with regard to 2008/09
performance has not yet been determined and will be finalised and
announced once the Group financial results for the year have been audited
and declared. This will then indicate if the National target has been
met.

This year the local target for all offices in Royal Mail Letters is the
Royal Mail Letters profit target and this will become clear once financial
results have been finalised, audited and announced.

[ice man]

From royal mail yesterday

Payment under the Colleague Share scheme with regard to 2008/09
performance has not yet been determined and will be finalised and
announced once the Group financial results for the year have been audited
and declared. This will then indicate if the National target has been
met.

This year the local target for all offices in Royal Mail Letters is the
Royal Mail Letters profit target and this will become clear once financial
results have been finalised, audited and announced.

my manger got a email from head office today saying we had met all targets and would get the bonus payment at the end of may saw the email with me own eyes. we are getting the 5050 in my office next thursday
:lfo

[tonytango]

14/05/2009

Royal Mail Group made good progress in 2008-09 with operating profit increasing to £321 million from £162 million the previous year. First and Second Class letter targets were hit along with key business mail targets, and a raft of modernisation and efficiency measures introduced. Competition from electronic media and other postal operators intensified with almost ten million fewer letters a day being handled than just three years ago but the transformation of the business is well underway and on track to ensure it has the modern operation key to its future.

Source : http://www.royalmailgroup.com" onclick="window.open(this.href);return false;


The Royal Mail, which has announced a pay freeze for this year for its 176,000 employees, said workers will receive a dividend payment of £400 each in the next few weeks.

[Carnoustie]

The Royal Mail, which has announced a pay freeze for this year for its 176,000 employees, said workers will receive a dividend payment of £400 each in the next few weeks.

my manager got a email from head office today saying we had met all targets and would get the bonus payment at the end of may saw the email with me own eyes
:lfo

'the next few weeks' is not 'the end of May' surely ?????

Either Yahoo have it wrong, or the manager is.

Gentleman, place your bets please ...

[robd]

i still think it will be the same as last year,now the accounts have been published,
50/50 next week,then £200 for group the following week,and a further £200 for
local the week after,as some will get nothing for 50/50 ,as has been stated you
will receive £400 in the next few weeks.(or if you interpret it another way £400
over the course of the next few weeks)

[terrace]

In my office £424 -Processing.Managers ,wait for it-£4,500 bonus if they achieve certain targets.Managers being royal pain at moment as their bonus depends on what happens in the next 2 weeks.Nearly had a clearance failure the other morning.

[rolf]

We were told today that we will receive £400 paid on May 29th 2009 wage, not much for all s**t we are put through nowadays

[tonytango]

i still think it will be the same as last year,now the accounts have been published,
50/50 next week,then £200 for group the following week,and a further £200 for
local the week after,as some will get nothing for 50/50 ,as has been stated you
will receive £400 in the next few weeks.(or if you interpret it another way £400
over the course of the next few weeks)

It is stated in the last issue of the courier also that we will be getting a £400 Colleague Share dividend payment for hitting group targets, that will be seperate from the local office bonus. The feeling when the payment will be seems to be the 29th may.

[baldrick]

At WTL today we were told that £400 would be paid 'at end of May' - presumably Friday 29th.
Also told we would get £135.52 - 50/50 savings payment on Friday 22nd May.

[YEOVIL OASIS]

we called wages department today and they said £ 400 being paid on may 22

[Sci_Dog]

we called wages department today and they said £ 400 being paid on may 22

At last something definite! Is everyone (full timers) entitled to £400???

[Big Daz]

No

Pro rata for new joiners irrespective of hours.

[Puppetmaster]

In a way we should be gratefull ,for under this 50/50 saving many offices are way over budget due to National Operational requirements so at least they have not clawed that money back.

[BELIAL]

Just think ,in two years time you might get a thread like this every month, wondering what and if you are getting paid for the work you did.
Ah the wonders and unpredictable mystery of the men at the top deciding your discretionary pay
"Sorry Sid you may well have culled 75% of your full time duties, but since your annual budget was set at 5shillings and 6d ,I'm afraid you made NOTHING over and above budget. Now Feck off back to work and stop your fecking limping"