Does any one have any info on the payout that was promised to still be honoured when the 'shares are worthless' memo from the chief exec was issued?
As far as l can tell, virtually all other RM depts have received this apart from MDEC! Yet hardly any MDEC staff seem to be aware that they appear to be missing out..
UPDATE EDIT - (after further research the payment appears to be linked with the modernisation agreement..?)
ANNOUNCEMENT : ALL OF ROYAL MAIL'S EMPLOYMENT POLICIES (AGREEMENTS) AT A GLANCE (Updated 2021)... HERE
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BONUS PAYOUT?
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TrueBlueTerrier
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Re: BONUS PAYOUT?
MDECs
Lump Sums
The payment of £1000 (pro rata for part time employees) will be paid as follows:
£100 lump sum will be paid on successful completion of a revision at all three MDEC sites in 2010.
£900 lump sum will be paid on successful implementation of the MDEC Rationalisation Programme, including to employees who leave the Business at the time of implementation. The detailed changes arising from the transformation plan will be the subject of further negotiations and progressed as soon as practicable to ensure the changes are deployed and payment is received as early as possible (i.e. no later than 2012/13).
Taken from 2010 Agreement.
Lump Sums
The payment of £1000 (pro rata for part time employees) will be paid as follows:
£100 lump sum will be paid on successful completion of a revision at all three MDEC sites in 2010.
£900 lump sum will be paid on successful implementation of the MDEC Rationalisation Programme, including to employees who leave the Business at the time of implementation. The detailed changes arising from the transformation plan will be the subject of further negotiations and progressed as soon as practicable to ensure the changes are deployed and payment is received as early as possible (i.e. no later than 2012/13).
Taken from 2010 Agreement.
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