LTB:Pay Deal agreed!

[velocity]

To: ALL BRANCHES WITH POSTAL MEMBERS


Dear Colleague,

POL DISPUTE – SETTLEMENT: PAY 2010/11 & 2011/12 AND THE FUTURE OF THE CROWN OFFICE NETWORK

We are pleased to report the Postal Executive has today endorsed a two year pay agreement, which provides a resolution to the POL pay and the future of the Crown Office Network dispute.

The full terms of the settlement are contained in the pay letter from John Duncan, HR Director, Royal Mail Group, which is attached to this LTB.

The key features of the agreement are:


Two Year Pay Agreement

Year One: 2010/11 - 2.25% consolidated and pensionable increase in basic pay fully backdated to 1st April 2010.

Year Two: 2011/12 – 1.4% consolidated and pensionable pay increase effective from 1st April 2011 (this increase also applies to London Weighting in line with the Royal Mail Business Transformation 2010 and Beyond).

Pay Increase CSC Annual Salary
Current £19,150
1/4/2010 2.25% £19,581
1/4/2011 1.4% £19,855

Overall compounded pay increase over two years: 3.68%

Colleague Share: £600

The agreement also contains a ColleagueShare lump sum payment of £600 (pro rata for part timers), which is in lieu of the third tranche of shares.

Obviously, this will be seen as beneficial to members given recent news. This money is payable as a direct result of the Union convincing the company in 2010, as part of Business Transformation, to change this element of the ColleagueShare Scheme.


Lump Sum: £400

A further lump sum of £400 (pro rata for part timers) together with ColleagueShare of £600, will be paid as a combined lump sum of £1000 with April salaries.

The overall package provides full time Customer Service Consultants with £1431 in their April Salaries (pro rata for part timers).


Future of the Crown Office Network: One Year Extension of the Guarantee

The industrial action ballot was not just about obtaining a pay rise for members. It was also linked to job security and the future of the Crown Office Network. Therefore we are pleased to have secured a one year extension of the guarantee on the existing 373 Crown Offices until March 2012. Additionally, there is a review clause within the agreement which allows a joint review in September 2011, with a view to extending the guarantee beyond March 2012.


Transformation Talks – Terms of Reference

The settlement to this dispute also contains a commitment from the Union to enter into Transformation talks. These talks had been the main hurdle originally, with POL previously refusing a pay rise until a Transformation Agreement had been reached and a flight path established to return the Crown Office Network to profitability. We have now been successful in securing a two year pay agreement

The terms of reference for the transformation talks commits the Union to engage in negotiations to reach a further agreement by no later than March 2012. The agreed terms of reference can be found at point 6 of the management letter.

Clearly, Transformation talks will not be easy, and there will be some difficult challenges to overcome to secure the long term viability of the Crown Office Network. We will be discussing new approaches and ways of working to bring the Crowns back to profitability; we are also committed to ensuring the agenda includes long term job security and enhanced terms and conditions for our members.


National Briefing

A National Briefing of representatives to explain to agreement will be held at:

Phoenix Centre, Mount Pleasant, London, WC1X 0DG

On: Wednesday 30th March at 1pm – 3.30pm

All Branch Secretaries with responsibility for Crown Members, Territorial Representatives and Area Representatives are invited to attend. For Branch Secretaries travel and subsistence costs associated with attendance at the Briefing will be in line with the instructions and advice issued in LTB 506/04.


Ballot Timetable

The agreement will now need to be ratified by our membership. As a consequence, the following timetable has been agreed for an individual members’ ballot:

Ballot Papers Dispatched: Friday 1st April (first class post)

Ballot Closes: Wednesday 13th April

A short ballot timetable is necessary to enable POL to pay the arrears and lump sums to our members in the April salaries.

We would like to thank all members and Representatives for their support and patience, which has helped us secure this agreement. Territory and Area Representatives should note that POL plan to present this agreement to our members at the Work Time Learning session tomorrow morning.

This LTB should be brought to the urgent attention of all members working within POL Crown Offices.

Yours sincerely


Dave Ward Andy Furey
Deputy General Secretary (Postal) Assistant Secretary

[hans solo]

so wheres the delivery boys and gals colleague shares then mr ward
how can you possibly recommend something to members which is supposed to be worthless
the plot thickens

[POSTMAN]

so wheres the delivery boys and gals colleague shares then mr ward
how can you possibly recommend something to members which is supposed to be worthless
the plot thickens

We've had ours,or rather can have ours as part of our lump sums for revisions and shite.

[BT2010]

so wheres the delivery boys and gals colleague shares then mr ward
how can you possibly recommend something to members which is supposed to be worthless
the plot thickens

We've had ours,or rather can have ours as part of our lump sums for revisions and shite.

surely if the pot is empty and the shares are effecitvly bankrupt then the lump sum payment would also be £0

unsure how the shares thing work but the issue of share price and dividend (yearly pay out) must be linked?

[BT2010]

just got the courier and its right there on the front page "based on an earlier valuation".

[fishtank]

just got the courier and its right there on the front page "based on an earlier valuation".

So are/will be our transformation lumps sums of which £600 is colleagueshare cash.

[TrueBlueTerrier]

There appears to be some confusion amongst Blue Shirts so I'll put it into 1 post:

The Colleague Share Payments that POL are getting is not part of the Shares payout we were expecting this year.

POL did not get a Tansformational Payment Last year.

This payout is basically the same as we get for revisions (£200/£600/£200) and the £400 we got on ratification.

We got (or will get on compleition of revision) a total of £1400 - POL will get £1431

So we are not getting less (except for the £13 but they did not get a pay rise last year we did) and they are not getting something we didn't get.

[fishtank]

but they did not get a pay rise last year we did

Yes they did...it just took a while to get here.

fully backdated to 1st April 2010.

[TrueBlueTerrier]

[northernireland1]

Could someone please explain the £600 in lieu of the third tranche of shares? Is this directly related to the shares from before which are now said to be worth nothing, or, is this in place of a third allocation of shares? I have been working for the Post Office for 2 years and never previously received shares, however from the wording of all communication from CWU and POL, all colleagues will be entitled to these payments. It does not specify necessity of having been with the business prior to 2007, and if it is so I will be voting no to the offer, as I don't believe this has been sufficiently explained, and the loss of the £600 will make the pay deal less favourable to me.

[fishtank]

97% endorsement....

And now the pay off....

"Now that the agreement has been endorsed, we now need to focus on the transformation talks with POL," Andy continued.

Be afraid....be very afraid.