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Whats the next step for exposties regarding CS?

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pillow
Posts: 21
Joined: 10 Sep 2009, 15:47
Gender: Female
Location: out on the edge of the world

Re: Whats the next step for exposties regarding CS?

Post by pillow »

Well despite being told when I left on IHR in February this year, that I was an eligible leaver for shares, etc. , and not having recieved any communication I emailed the CS dept. direct I got this reply;

"The third allocation of ColleagueShares planned for May 2009 did not go ahead and was instead replaced by a cash payment as part of the Business Transformation agreement.
Communications regarding ColleagueShares will have gone out to all employees due to the nature of the scheme, you were still entitled to (and received Dividend payments). However Share certificates were sent out to employees in 2007 and 2008 when the allocations were calculated and as you were not employed at the time you would not have received these."


So basically if you joined after May 31st 2008 ( I started 1st June 2008) you don't get NADDA! Unless someone can tell us different. Strange as the Info Booklet did state that the allocations would be for 2007, 2008, and 2009.

Perhaps another example of moving the goal posts? Don't get me wrong, I never really expected to get anything anyway, I consider myself lucky to get IHR after a serious AOD, it's just the lack of clear & accurate information that gets me. People should not be mislead into thinking there is something for them, when there clearly isn't.
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TrueBlueTerrier
FORUM ADMINISTRATOR
Posts: 72548
Joined: 30 Dec 2006, 10:29
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Re: Whats the next step for exposties regarding CS?

Post by TrueBlueTerrier »

To be eligible for ColleagueShares you have to be
permanent (or have a continuous long-term temporary
contract), have been employed in the UK on 17 May
2007 (the issue date)
, and not be on a career break or
extended period of unpaid absence. People on casual
contracts aren’t eligible and neither are those who work
for joint venture companies such as ROMEC and Quadrant.
GLS employees are not included either. Sub-Postmasters
are so important to our business in dealing with our
customers and selling our products that they are included
as well, and they will be told of the particular rules that
apply to them.
Of course you would not have received that and would have been unware. More a case of RMs real problem that being "Lack of Communication", but they do keep moving the Goal Posts for those that are entitled.
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