COLLEAGUE-SHARE NEWS

[DemonPostie]

Just been sent this...

TO: ALL BRANCHES WITH POSTAL MEMBERS



Dear Colleague,



RE: ROYAL MAIL GROUP ANNOUNCEMENT



The Union has been told by Royal Mail that the company will be announcing to all employees this week that they are experiencing serious financial difficulties, that they are developing a new business plan and that the value of Colleagueshare is likely to plummet.



The company have explained that the reasons for this are as follows:



- A harsher fall in revenue, profit and volumes than was forecast in the original business plan agreed with Government
- Slower than anticipated progress on modernisation
- A new business plan, in the process of being agreed with Government, that downgrades the future expectations of the company



In response to these announcements the Union has told Royal Mail that we have major concerns about these developments. A letter has been posted to all members’ home addresses and an advanced copy of this is attached.



In the meantime it is important that all CWU Representatives convey the following key messages to our members.



- The Union does not accept that Colleagueshare could have plummeted from a valuation of around £1400 as late as last September – to virtually nothing.
- The company must find a way to honour the previous Colleagueshare commitments and maintain the cash benefits due to our members
- The Union has major concerns around the potential impact that a new business plan may have on all existing Agreements including job security, pay rises, lump sums and the shorter working week
- We are calling for urgent meetings with the company and Government to address these issues.



We will keep you informed of developments.



Yours sincerely







Dave Ward Billy Hayes
Deputy General Secretary (P) General Secretary
















TO: ALL BRANCHES WITH POSTAL MEMBERS





Dear Colleague,



RE: ROYAL MAIL GROUP ANNOUNCEMENT



The Union has been told by Royal Mail that the company will be announcing to all employees this week that they are experiencing serious financial difficulties, that they are developing a new business plan and that the value of Colleagueshare is likely to plummet.



The company have explained that the reasons for this are as follows:



- A harsher fall in revenue, profit and volumes than was forecast in the original business plan agreed with Government
- Slower than anticipated progress on modernisation
- A new business plan, in the process of being agreed with Government, that downgrades the future expectations of the company



In response to these announcements the Union has told Royal Mail that we have major concerns about these developments. A letter has been posted to all members’ home addresses and an advanced copy of this is attached.



In the meantime it is important that all CWU Representatives convey the following key messages to our members.



- The Union does not accept that Colleagueshare could have plummeted from a valuation of around £1400 as late as last September – to virtually nothing.
- The company must find a way to honour the previous Colleagueshare commitments and maintain the cash benefits due to our members
- The Union has major concerns around the potential impact that a new business plan may have on all existing Agreements including job security, pay rises, lump sums and the shorter working week
- We are calling for urgent meetings with the company and Government to address these issues.



We will keep you informed of developments.



Yours sincerely







Dave Ward Billy Hayes
Deputy General Secretary (P) General Secretary

[not me]

already posted

[islfor]

What about those already left the business who received a large sum of colleagueshare ?
Also what about the massive bonuses senior RM managers have been receiving in the last 2.5yrs.
Paul Kelly (Scotland director for deliveries) received £9,000 bonus (he told us) and went to watch the British Lions tour of South Africa !!!
I can see riots & strikes all across the UK.
:dcfo :vcfo :ncfo

[hans solo]

let us be the lions