Royal Mail injunction plans

[TrueBlueTerrier]

Lots of sidetracking. Why would I be talking about state pensions when that is not really significant to this dispute and the issue of retirement pension and living into old age is not unique to RM workers.

Your state pension is safe and most people that have worked for RM for at least 10 years or more will most likely not need benefits top up on top of RM + State pension.

That again actually shows how lucky we are... It is the younger ones that have very little to look forward to when they get older...

My point entirely.

[cloherty1976]

Lots of sidetracking. Why would I be talking about state pensions when that is not really significant to this dispute and the issue of retirement pension and living into old age is not unique to RM workers.

Your state pension is safe and most people that have worked for RM for at least 10 years or more will most likely not need benefits top up on top of RM + State pension.

That again actually shows how lucky we are... It is the younger ones that have very little to look forward to when they get older...

My point entirely.

That's when your parents have to look out for there kids.
Don't burden them with so much debt

[nataddick]

Who knows what the assets would have grown to by the same date !
Ros Altman, a leading Pensions expert recently said ‘Truth is all pension deficit figures are only estimates. Depending on assumptions over many decades of variables which change.’ One respondent said ‘As an actuary, I concur,. There is nothing more satisfying than giving a huge range of possible answers.

[cloherty1976]

Who knows what the assets would have grown to by the same date !
Ros Altman, a leading Pensions expert recently said ‘Truth is all pension deficit figures are only estimates. Depending on assumptions over many decades of variables which change.’ One respondent said ‘As an actuary, I concur,. There is nothing more satisfying than giving a huge range of possible answers.

What a great point everyone thinks they have the right answer.
Only time will tell

[jetblack]

corpocracy. Noun. (plural corpocracies) A corporate bureaucracy, characterized by ineffective management. A society where the interests of large corporations control economic and political decisions.

IMHO the pension situation can only be understood in the context of the above ie. the interplay between corporate interests and government economic policy.

Whilst we are talking about assumptions and projections here's one of my own - the closure of large defined benefit schemes will be directly succeeded by Bank of England policy that would mean that the viability of said DB schemes (were they still open to future accrual) would in fact now be feasible. There will, however, be no move to re-open them. Job done.

Corpocracy you see. Not working in our interests.

[gary1975]

Is it just me, or hasn't anyone else thought maybe the pension situation is the mess it's in,is because in part the company decided to take a 10yr break from paying employees contributions, but kept paying the golden nest eggs?!
Surely this is embezzlement at least, & someone should be held accountable?!, but this has never been questioned, or investigated.
With regards the injunction, if RM where able to overturn the strike action with caveat loopholes, even tho the Union state they used Acas representation during negotiations when not necessary, it doesn't diffuse the situation, or make it go away. If RM plan is to try & stall & drag out the process to get Christmas out of the way, they have already failed, as the mediation process as I understand is supposed to take 5 weeks, which in my book puts them slap bang into Black Friday/Cyber Monday, & then Christmas pressure which they are trying to avert. Instead of wasting millions in legal costs, show the same energy & commitment in coming to an amicable agreement. By wanting to drag this through the courts, it just shows what the company really think of it's workers.

[LaggyBand]

corpocracy. Noun. (plural corpocracies) A corporate bureaucracy, characterized by ineffective management. A society where the interests of large corporations control economic and political decisions.

IMHO the pension situation can only be understood in the context of the above ie. the interplay between corporate interests and government economic policy.

Whilst we are talking about assumptions and projections here's one of my own - the closure of large defined benefit schemes will be directly succeeded by Bank of England policy that would mean that the viability of said DB schemes (were they still open to future accrual) would in fact now be feasible. There will, however, be no move to re-open them. Job done.

Corpocracy you see. Not working in our interests.

Peter Joseph's "Human Rights Movement" - ask Santa for it.

[Brandy]

I seriously hope this attempt to get an injunction is kicked out of court. If we cannot get effective industrial action in place , with the sorts of support everyone has been showing (89.1% FFS) then it doesn't bode well for the workers of this country.

However if this Injunction was upheld, and the strike deemed illegal, the workforce, and the CWU, could still make an effective protest by simply working correctly. We all know how this business relies on the goodwill of the workforce and... massive amounts of overtime! As I'm sure Royal Mail will find out to their cost when they inevitably have to deal with the aftermath of what I am confident will be a Legal Strike!

Really feel for all you posties the way you are treated by RM is an utter disgrace.ROYAL MAIL SHOULD HANG THEIR HEADS IN SHAME!!

[TrueBlueTerrier]

Royal Mail will seek an injunction to try to stop planned 48-hour strike

http://www.independent.co.uk/news/busin ... 90561.html" onclick="window.open(this.href);return false;

The CWU was given a deadline of noon on Monday to withdraw its strike threat, but did not meet it

Royal Mail has said that it will lodge an application with the High Court for an injunction to prevent a 48-strike from happening, in a dispute over pensions and pay.

Members of the Communication Workers Union are due to walk out on 19 October at 11am after voting in favour of a strike.

On Monday, Royal Mail in a statement said that it had written to the CWU, invoking a "legally-binding external mediation process" and calling the prospect of industrial action unlawful.

The CWU was given a deadline of noon on Monday to withdraw its strike threat, but did not meet it.

“As a result, Royal Mail will today lodge an application with the High Court for an injunction to prevent industrial action so that the contractual external mediation process can be followed,” Royal Mail said. “A date for a hearing will be arranged with the High Court,” it added.

If the strike goes ahead, it will be the first time that postal workers have walked out en masse since the Royal Mail was privatised in 2015.

Although it is unlikely to affect the crucial Christmas period, It will cause major disruptions to deliveries.

The CWU last week said that 89.1 per cent of members who voted had been in favour of a strike, with a turnout of 73.7 per cent. That was well above the 50 per cent threshold required under the new Trade Union Act.

The union has also called on Royal Mail bosses to resign, accusing them of excessive cost cutting since the service began a two-year transition to privatisation in 2013.

[Chitchat]

Royal mail would do better to get round the table and seek a speedy agreement, agreeable for both parties. So We Can Get On with delivering.

[Rommagic]

What’s happening today?.

[daveyeff]

how will it be unlikely to affect the crucial Christmas period?

[dazzlin72]

I imagine RM have now submitted their case to the HC for the injunction, so how long does it take now to be given a date for the hearing?

[cloherty1976]

I imagine RM have now submitted their case to the HC for the injunction, so how long does it take now to be given a date for the hearing?

Isn't it booked in for Friday

[LouBarlow]

There are basically two approaches the union should take here.

If the injunction is rejected, then strikes to go ahead as scheduled. I'm presuming their lawyers will argue that RM has broken any agreement, by bringing in executive action to bring an end to the pension scheme, and wasn't interested in mediation then. Not sure how any judge can argue that they should be able to demand it now, but if indeed an injunction is brought in, then really members need to be encouraged strongly, to work to rule through Christmas pressure. This could easily have as much of an impact as a few days striking here and there, with enough support.