Red Robbo wrote:What are the strings attached to pay, and incidently RM still closed the Royal Mail Pension Plan and opened the CARE scheme despite the I/A last time ?
Strings - more like chains but not as many as 2010. As I understand it they are:
Bonus payment linked to a no strike deal up to Christmas.
Acceptance of Privatisation
No challenge on changes to Pension.
Then saying we sign up to a nebulous "agenda for growth and industrial stability” which I think means a No strike deal, but no details.
Also the 8.6% is not guaranteed it can be revisited by both parties.