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What are the chances of privatisation?

The latest news and discussion on Royal Mail Shares.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
All news and discussion on Daniel Kretinsky's full takeover of Royal Mail.
UnhappyGremlin
Posts: 2685
Joined: 18 May 2012, 20:49
Gender: Male
Location: Hiding

Re: What are the chances of privatisation?

Post by UnhappyGremlin »

borgpicard wrote:one things for sure we`ll all be on minimum wages :crazy:
Screw that, I'll stack shelves first.

If we are confronted with a wage cut like that, which would equate to between £100 and £150 per week, and the probable loss of allowances etc. at the same time, we walk out, the business stops dead.
I think zero will happen in any area such as this until January.
Sometimes, I wish I wasn't a Rep.
wandle
Posts: 943
Joined: 25 Feb 2011, 17:17
Gender: Male

Re: What are the chances of privatisation?

Post by wandle »

This 'campaign' the CWU is orchestrating, via a consultative ballot, is like closing the stable door after the horse has bolted, been slaughtered, and put into smart-price lasagne.

The time to try to stop privatisation was way back before the Postal Services Act 2011 had even been conceived. It is way too late now. The legislation enabling privatisation is already in force, It's only a matter of WHEN, not if, it happens.

In my opinion. the CWU should now be concentrating all it's efforts on securing a good pay deal (which was due over a month ago). As this will likely be the last one we will have as a public sector company, they should be attempting to secure a 5-year deal, with protection of current MTSF terms, so that people who want to jump ship can at least get generous VR terms. I would even sacrifice an increase in basic pay, in return for retention of MTSF terms. Work it out.. a poxy £4/week rise x 52 weeks x 5 years would be worth £1040, less tax over 5 years. Retention of existing MTSF terms vs far-less-generous compulsory redundancy terms would benefit members more, by not having their payour slashed by £thousands.

What do the CWU plan to do, even if they secure a 100% 'yes' on all the questions in the consultative ballot ? Going on strike will not change government policy. It's way too late for that :d'oh!
aiden01
MAIL CENTRES/PROCESSING
Posts: 7001
Joined: 27 Feb 2013, 21:43
Gender: Male

Re: What are the chances of privatisation?

Post by aiden01 »

Instead of all the scaremongering let,s all sit back and see what happens just a thought.
international
Posts: 85
Joined: 23 Mar 2010, 09:29
Gender: Male

Re: What are the chances of privatisation?

Post by international »

Let's all wait and see what they decide we are rushing ahead of ourselves :cuppa
Lincox
EX ROYAL MAIL
Posts: 3485
Joined: 09 Jan 2008, 18:07
Gender: Male

Re: What are the chances of privatisation?

Post by Lincox »

Sorry to say that I am one of those ageing decrepid workers who seemingly is not fit for purpose. Less than two years to do and still able to prep and get out of the door before some of those seemingly fit younger versions who come in early. Delivering, yep I have slowed down in the latter years but no crime in that. Little if any complaints compared to those that rush around to try and finish early. By all means put me out to graze, but I want paying for the many years of hard graft that I have given to this company, that very few of the younger fitter? are ever likely to muster.
pokos27
Posts: 657
Joined: 15 Apr 2010, 19:32
Gender: Male

Re: What are the chances of privatisation?

Post by pokos27 »

it all began with dsa.
royal mail lots of buildings to sell off, take advantage of the high property prices.
fewer mail centres.
slash the wage bill by getting rid of all full time contracts, sick pay, ill health retirement plans, eg the government has the pension scheme.
the work force is not united, many people still start before there time.
people in the street will have no sympathy.
Poorly
Posts: 46
Joined: 05 Nov 2012, 20:34
Gender: Female

Re: What are the chances of privatisation?

Post by Poorly »

wandle wrote:I would even sacrifice an increase in basic pay, in return for retention of MTSF terms. Work it out.. a poxy £4/week rise x 52 weeks x 5 years would be worth £1040, less tax over 5 years. Retention of existing MTSF terms vs far-less-generous compulsory redundancy terms would benefit members more, by not having their payour slashed by £thousands.
Totally agree, MTSF has got to be number one priority.
dvbuk55
EX ROYAL MAIL
Posts: 16650
Joined: 02 Jun 2007, 19:17
Gender: Male

Re: What are the chances of privatisation?

Post by dvbuk55 »

:hmmmm Agreements, Agreements, Agreements for whatever aren't worth the paper they're written on. Bearing in mind that any negotiation conducted with RM in the last few years haven't lasted more than the time it takes the ink to dry. I was with the ESI prior to privatisation and the GMB was the union responsible for negotiating and would pretty much agree to anything in order to still be recognised after privatisation. The one over riding memory was the way in which the whole organisation went through a huge change, as customers today you have seen the result, your meter is read once a year, if that instead of four times a year, final readings on house moves left up to the individual, meter changes once carried out every 15 years no longer matter, over head and underground work sub contracted. The whole world of the workforce changed dramatically and job losses too played a huge part, although very lucrative in the early days and I did quite well out of it. However the workload changed naturally and each individual became mobile with added responsibility and, despite what's touted on here as slave wages on privatisation the pay actually increased for directly employed personnel. In the main though the ones who have suffered the most has been the customer, poorer service and higher prices spiralling out of control to feed the board room, that's the price paid for privatisation.
somerset
Posts: 582
Joined: 08 Jun 2007, 16:23

Re: What are the chances of privatisation?

Post by somerset »

andy3665 wrote:and, sorry to say, retire older postman/women who can't do the job effectively anymore because of their age and ability. You might slate me for that last one but we have people in our office who should have retired a long time ago but hang on, taking over 5 hours to complete a 3 hour duty and complaining about it.
:no no I totally object to that comment !!!!!!!!!!!!!! If i worked in your office and you said that to my face i would have you on B/H . I am old but at least i can do my work in a proffesional and correct way .One day you will be old. :left:
Phantom
Posts: 1234
Joined: 27 Dec 2007, 18:17
Gender: Female
Location: New York

Re: What are the chances of privatisation?

Post by Phantom »

All a bit too late in my opinion, DSA should have been tackled back in 2003 when it was introduced but the union sat on its arse and did nothing despite protests from members for them to do something.

The amont of s**t agreements the CWU have agreed with Royal Mail is unbelievable, we could have got a lot more but they gave it away without a single fight or care for its members. Reap what you Sow!!!
CUT OFF!!!
dvbuk55
EX ROYAL MAIL
Posts: 16650
Joined: 02 Jun 2007, 19:17
Gender: Male

Re: What are the chances of privatisation?

Post by dvbuk55 »

Phantom wrote:All a bit too late in my opinion, DSA should have been tackled back in 2003 when it was introduced but the union sat on its arse and did nothing despite protests from members for them to do something.

The amont of s**t agreements the CWU have agreed with Royal Mail is unbelievable, we could have got a lot more but they gave it away without a single fight or care for its members. Reap what you Sow!!!
Well there wasn't a lot of consulting going on then and our opinion didn't matter.