LTB 354/22 - RMG DISPUTE - A LETTER SENT TO THE SECRETARY OF STATE ON THE POTENTIAL TAKEOVER OF ROYAL MAIL GROUP

[POSTMAN]

https://www.cwu.org/ltb/ltb-354-22-rmg- ... ail-group/

LTB 354/22 – RMG DISPUTE – A LETTER SENT TO THE SECRETARY OF STATE ON THE POTENTIAL TAKEOVER OF ROYAL MAIL GROUP
No: 354/22

5th September 2022



TO: ALL BRANCHES



Dear Colleague

RMG DISPUTE – A LETTER SENT TO THE SECRETARY OF STATE ON THE POTENTIAL TAKEOVER OF ROYAL MAIL GROUP

The purpose of this LTB is to explain that the union has now written to the Secretary of State for BEIS seeking an urgent meeting and raising major concerns over a potential takeover bid of the Royal Mail Group by VESA Equity Investment Group.

We believe this may well explain the actions of the company over the last six months and their dishonesty was exposed in the media last week, when they were unable to give a straight answer to the questions being asked about this development.

We also believe that this this development will have a major bearing on our ability to resolve our current disputes and it is essential that company come clean on what is really going on in the background.

We have attached a copy of our letter to the Secretary of State and we are asking all Branches and representatives to circulate this to our members in every workplace.

Given the seriousness of the situation, we are also asking reps and members to raise the matter directly with your local and area managers, demanding answers to what has been happening.

It cannot be a coincidence that when we raised this with the Chair and CEO of the company in our letter of the 24th August – that less than 48 hours later – the Government and Royal Mail issued statements to the City of London confirming that the proposed bid was now subject to a national security investigation by the Government.

You will see from the content of the letter that the union is asking serious questions about the honesty, transparency and integrity of the Royal Mail Group, including the legitimacy of their actions and whether there are financial incentives involved.

We will also ensure that the letter is reissued tomorrow to the new Secretary of State for BEIS, once this is confirmed by the new Prime Minister.

We will advise you on further developments on this issue and any discussions with Royal Mail in due course.

In the meantime, please give the letter the widest possible circulation.

Yours sincerely



Dave Ward Terry Pullinger
General Secretary Deputy General Secretary (Postal)

https://www.cwu.org/wp-content/uploads/ ... arteng.pdf

5.9.22-Secretary-of-State-Kwasi-Kwarteng.pdf

[Surreypostie]

The Tories hate unions, the new leader is already threatening to sweep aside loads of employee protections that we got from the EU. If you voted Tory hang your head in shame.

[chickenwittle]

The Tories hate unions, the new leader is already threatening to sweep aside loads of employee protections that we got from the EU. If you voted Tory hang your head in shame.

Also if you voted brexit hang your head in shame as you’ve left us in the hands of the tories to do as they please.

[Woody Guthrie]

Kretinsky's core business EPH relies on transmitting Russian gas and is apparently in all kinds of trouble...

[norris9]

TEAM - this sounds dodgy.

[sindba]

If Thompson has been deliberately engineering a dispute to tank the share price so a takeover is cheaper and easier, that is as serious as it comes, but I'm sure that's not the case.

All I know is that Thompson's actions and statements and demands have seemed increasingly irrational recently.

After all the good work he did with the hugely expensive Track and Trace programe too. Some well connected people got very rich off the back of that, but they deserved it.

[RTP]

Kretinsky's core business EPH relies on transmitting Russian gas and is apparently in all kinds of trouble...

That business has their fingers in many pies. For instance they own power stations all over Europe including in the UK.

[Marshamp11]

What happened to the letter that mentioned "Corporate Corruption" and "Insider Trading".
Both prisonable offences I believe. Although not something we would like to see is it team.

[Wolf91]

No doubt Si and old Keith have been up to no good. Certainly looks like a deliberate attempt to tank the share price. Absolutely abhorrent.
Hopefully Si goes to prison, but knowing this government he’s more likely to be knighted.

[sindba]

I refuse to believe Simon is involved in dodgy dealings to deliberately tank the share price and make a fortune.

After making loads of money from the squeaky clean Tory Covid billions contracts, he must be whiter than white.

I for one like the guy.

[borders]

https://apex-insight.com/royal-mail-tak ... tensifies/

[LaggyBand]

Kwasi Kwarteng is a World Economic Forum puppet so don’t expect this to go well for us or humanity in general.

[britwrit]

I refuse to believe Simon is involved in dodgy dealings to deliberately tank the share price and make a fortune.

After making loads of money from the squeaky clean Tory Covid billions contracts, he must be whiter than white.

I for one like the guy.

I just hope the American government doesn't decide to middle in this. They seem to be obsessed with all things Russian.

[RTP]

Kwasi Kwarteng is a World Economic Forum puppet so don’t expect this to go well for us or humanity in general.

He's gone.

[Royalman68]

It looks like this is the beginning of the takeover bid and the end for Royal Mail. I am now actively looking for another job rather than hoping for a miracle that somehow the situation will improve in Royal Mail. Bear in mind that Royal Mail is a private company. Hence, their number one priority is making a profit for the investors.