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Privatisation and what it means

The latest news and discussion on Royal Mail Shares.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
All news and discussion on Daniel Kretinsky's full takeover of Royal Mail.
lovehunter
Posts: 60
Joined: 03 Aug 2011, 18:39
Gender: Male

Privatisation and what it means

Post by lovehunter »

Does privatisation mean we could all potentially lose our jobs???
ebbzie
Posts: 660
Joined: 14 Jun 2011, 17:22
Gender: Male

Re: Privatisation and what it means

Post by ebbzie »

More than likely our terms and conditions will be hit . lower pay , longer hours , less security
lovehunter
Posts: 60
Joined: 03 Aug 2011, 18:39
Gender: Male

Re: Privatisation and what it means

Post by lovehunter »

Surely are pay will be protected in some way..... Then why the big push for world class mail??
Ahebban
Posts: 695
Joined: 19 May 2009, 13:41
Gender: Male
Location: Left of ... Left

Re: Privatisation and what it means

Post by Ahebban »

Ordinarily TUPE would offer protection of terms and conditions etc. Unfortunately, the 'con-dems' are looking to weaken/dismantle TUPE thereby removing protections from seeing pay, terms and conditions driven down.
Ahebban - anglo-saxon in origin - meaning 'Wages War'

What counts is not necessarily the size of the dog in the fight, what counts is the size of the fight in the dog. - Mark Twain
UnhappyGremlin
Posts: 2685
Joined: 18 May 2012, 20:49
Gender: Male
Location: Hiding

Re: Privatisation and what it means

Post by UnhappyGremlin »

I think there will be some attack on pay/allowances etc., not to mention T&C's and working conditions in general, as well as the pension scheme being watered down, possibly repeatedly.
It may be that, in order to preserve our pay, the union may have to agree to RM changing employment terms for new starters, which would also affect those on fixed term contracts. I find it very likely that any new employees will be given contracts similar to those in other courier companies and supermarkets, which allow for greater employer flexibility, and to pay minimum wage. This would create a two tier system, which would be fine for a while, but when the 2nd tier outnumber the first, problems will arise for us.
RM may try something immediately, but I don't think so, I think we will be ok for a couple of years as they cannot run the company without us, and I can't see people agreeing to a £100-£150 a week pay cut without just walking out en mass.
And of course, if they do start to give new employees minimum wage, then attacks on current staff, especially FT staff, will rise exponentially, as will dismissals, so we can be replaced cheaply.
Sometimes, I wish I wasn't a Rep.