Where is our £54 million?

[stephen500]

I just did a rough calculation.

Back pay at 5.4% over six months comes out at £419 each.

£419 x 130000 = £54,568,800

That £54 million in lost back pay!

What have they given us, a lump sum based on a bonus scheme that we have already earned of £175 each.

[dunposting]

Managers got their bonus'

[IWW Fellow Worker]

Managers got their bonus'

That's becase we earned it for them mate.

[jafferpants]

[quote="stephen500"]I just did a rough calculation.

Back pay at 5.4% over six months comes out at £419 each.

£419 x 130000 = £54,568,800

That £54 million in lost back pay!

What have they given us, a lump sum based on a bonus scheme that we have already earned of £175 each.

you are 100% correct but idiot's will still vote to accept it

[the beautiful bd south]

If we were to get back pay from the first of april that would be at 2.5% not 5.4%
then you would have a 2.9% less payrise untill april 2007

so add the extra that you will earn to April and the £175 then its pretty even.

[Carnoustie]

Also not defending other aspects of the deal, but ... Think longer-term !

OFFER A: 2.5% increase, backdated to April works out about the same as OFFER B: £175 + 5.4%, from October to April 2008. But look beyond that, because our pay after April 2008 will continue to 5.4% higher than now, whereas under the 'fully-backdated' offer, it would only be 2.5% higher than today's basic.

So the not-fully-backdated deal is worth 2.9% more every year, with more going into our pensions too.

Oh hang on, that means even more of our earnings will be stolen under RM's pension proposals

[dvbuk55]

I just did a rough calculation.

Back pay at 5.4% over six months comes out at £419 each.

£419 x 130000 = £54,568,800

That £54 million in lost back pay!

What have they given us, a lump sum based on a bonus scheme that we have already earned of £175 each.

That's a fair sum but is really only half of the story - there are actually 190,000 employees - 130,000 are in the union. If you then extrapolate the 5.4% over the six months to come and BINGO we've paid our own pay rise this year. And the 8 days pay @ say £60 each a day another £480 saved by RM x by 190,000 and that's next years pay rise @ 5.4%. The worst case scenario for RM is that they have to pay the 1.5% and the £400 IF we oblige with all the changes, and that is far from certain because we don't know what that entails yet - annualised hours? monthly pay? multiple D2D without pay?

The pattern is clear - they pay us a rise from money we have already provided in one way or another.

[wont cross the line]

THIS IS THE SAME AS THE WAY BACKWARD EVERYTHING SHUFFLED ROUND TO LOOK BETTER THAN THE FIRST DEAL BUT EXACTLEY THE SAME LETS SAY NO AND GET BACK OUT AND SHOW THEM T**TS AL AC THAT WE ARE PREPARRED TO FIGHT

[jafferpants]

[quote="Carnoustie"]Also not defending other aspects of the deal, but ... Think longer-term !

OFFER A: 2.5% increase, backdated to April works out about the same as OFFER B: £175 + 5.4%, from October to April 2008. But look beyond that, because our pay after April 2008 will continue to 5.4% higher than now, whereas under the 'fully-backdated' offer, it would only be 2.5% higher than today's basic.

So the not-fully-backdated deal is worth 2.9% more every year, with more going into our pensions too.



Not so carnoustie your pension goes up with your wage increase So by moving the pay date from last april to this october you have LOST 7MONTHS PENSION INCREASE which means if they close the final salary scheme next april you have lost the best part of a year that could have gone on to it.