Royal Mail's RNS (Update)

Marke87 · Post by **Marke87** » 06 Dec 2017, 17:09

Royal Mail have issued an RNS with the following updates.

https://www.investegate.co.uk/royal-mai ... 41536109Y/" onclick="window.open(this.href);return false;

Pensions

· Royal Mail and the CWU should commit in principle to the future introduction of a Collective Defined Contribution (CDC) scheme with a Defined Benefit element.

· To support the introduction of a CDC scheme for all, Royal Mail and the CWU should establish a Pensions Forum. The Forum will have responsibility for lobbying the Government to make the necessary legislative and regulatory changes so that a CDC scheme can be established, and for overseeing its governance.

· In the meantime:

o For members of the Royal Mail Pension Plan (RMPP), Royal Mail should implement - from 1 April 2018 - a Defined Benefit cash balance scheme on the terms already proposed by the Company.

o In addition, existing Royal Mail Defined Contribution Plan (RMDCP) members with five years' or more continuous service in the standard section of RMDCP should have the option of joining the Defined Benefit cash balance scheme.

o Royal Mail should auto-enrol current and future members of RMDCP to the top tier of contributions (10% from the Company and 6% from the member).

Pay and the working week

· From April 2017, an increase of 2.6% including base pay, overtime and allowances.

· From April 2018, an increase of 2% to base pay.

· During 2018-19, a one hour reduction to the working week (currently 39 hours) on the condition that Royal Mail and the CWU work together on a range of initiatives, including delivery methods trials, automated hours data capture and later delivery times.

Delivery times

· Last delivery time should move back by 30 minutes to 3.30pm in urban areas and 4.30pm in rural areas.

Royal Mail and the CWU working more closely to advance the Agenda for Growth objectives

· Royal Mail and the CWU need to work more closely together to improve working culture.

· Review the Agenda for Growth agreement in 2019, as planned.

ebbzie · Post by **ebbzie** » 06 Dec 2017, 17:34

· During 2018-19, a one hour reduction to the working week (currently 39 hours) on the condition that Royal Mail and the CWU work together on a range of initiatives, including delivery methods trials, automated hours data capture and later delivery times.

How long before they start using it for performance issues?

Northbynorthwest · Post by **Northbynorthwest** » 06 Dec 2017, 17:41

To be frank, it's a long way from where we started, when they were talking of ending sick pay for first 2 days, monthly pay, awful pension proposals, end of legacy payments and virtually nothing for pay other than being self funding. It's a shame it took us to the brink of strike action to get here.

scoobymunster · Post by **scoobymunster** » 06 Dec 2017, 18:08

No mention of part timers? The company is saving a clean fortune in pension payments hiring people on 18/20 hr contracts but coercing them into working fulltime hours.

postslippete · Post by **postslippete** » 06 Dec 2017, 19:44

ebbzie wrote:· During 2018-19, a one hour reduction to the working week (currently 39 hours) on the condition that Royal Mail and the CWU work together on a range of initiatives, including delivery methods trials, automated hours data capture and later delivery times.

How long before they start using it for performance issues?

How longs a piece of string? I can see Royal Mail using this sort of data in this way eventually because the technology is already there and they will be looking at ways to justify it. Its like "changing the pipeline" which the CWU are backing. Royal Mail knows it can introduce automation that will help them streamline their operation and further increase their profits and all the Union is trying to do is minimise its impact on us by proposing things like the shorter working week and pay increases etc etc

Its only my opinion but I think that it will only serve to increase pressure on postal staff as Royal Mail will be saying well we are paying staff more money in these pay increase and now they are also working less hours!! What would you expect if you were an employer??

Phantom · Post by **Phantom** » 06 Dec 2017, 20:22

This is not an agreement, this is the mediators report - most of the stuff here has been rejected.

slinder123 · Post by **slinder123** » 06 Dec 2017, 20:22

scoobymunster wrote:No mention of part timers? The company is saving a clean fortune in pension payments hiring people on 18/20 hr contracts but coercing them into working fulltime hours.

they did mention part timers 555 lump sum pro rata