Understand the external threat

Grumpyoldmailman · Post by **Grumpyoldmailman** » 28 Oct 2020, 23:32

RTP wrote:Pressure from who exactly to sell of GLS?

The shareholders?

Why on earth would shareholders want GLS selling when as you have said, the share price would then sink. That makes no sense at all.

If GLS is sold off they could end up getting a bigger return than the current market cap, if that happens if doesn’t matter if the share price goes to zero and they would have made it back selling gls off.

Post by **SpacePhoenix** » 29 Oct 2020, 06:55

Grumpyoldmailman wrote:
RTP wrote:Pressure from who exactly to sell of GLS?

The shareholders?

Why on earth would shareholders want GLS selling when as you have said, the share price would then sink. That makes no sense at all.
If GLS is sold off they could end up getting a bigger return than the current market cap, if that happens if doesn’t matter if the share price goes to zero and they would have made it back selling gls off.

Is PF actually part of GLS. iirc all PF vehicles have got the GLS logo on them

Martin Walsh · Post by **Martin Walsh** » 29 Oct 2020, 07:01

No Parcelforce was moved back into Royal Mail ,along with International. So they are governed by the acting CEO Stuart Simpson.

Another factor in this is we have an incredible bitter ex CEO Rico Back who created GLS who would like it back and holds significant shares in the background.

toonshola · Post by **toonshola** » 29 Oct 2020, 07:51

Martin Walsh wrote:No Parcelforce was moved back into Royal Mail ,along with International. So they are governed by the acting CEO Stuart Simpson.

Another factor in this is we have an incredible bitter ex CEO Rico Back who created GLS who would like it back and holds significant shares in the background.

Ah still blaming Rico for everything I see instead of taking some responsibility for the unions ineptitude. Once again I’ll say the CWU messed up the ballot last year NOT Rico Back. And in doing so lost the chance to really protect the members. But if it makes you guys feel better then keep pointing the finger I guess.

RICARD020191962 · Post by **RICARD020191962** » 29 Oct 2020, 17:03

I don't actually think Martin was blaming Rico. My interpretation is that he was simply letting us know that a) he is bitter about his departure and b) he may be plotting his revenge. As for last years ballot debacle, yes the CWU screwed up but why continue to lambast them ? It won't change anything, what's done is done. The CWU is not the enemy in this dispute. We have had a snapshot of what is being discussed and just how difficult it is in the current economic climate to fight our corner. Let's wait and see the outcome before we start to judge. Personally, I think if we can strike a deal without compulsory redundancies we can claim a decent result and get on with making and dealing with the changes that need to be made going forward

2yearpostie · Post by **2yearpostie** » 29 Oct 2020, 17:08

RICARD020191962 wrote:I don't actually think Martin was blaming Rico. My interpretation is that he was simply letting us know that a) he is bitter about his departure and b) he may be plotting his revenge. As for last years ballot debacle, yes the CWU screwed up but why continue to lambast them ? It won't change anything, what's done is done. The CWU is not the enemy in this dispute. We have had a snapshot of what is being discussed and just how difficult it is in the current economic climate to fight our corner. Let's wait and see the outcome before we start to judge. Personally, I think if we can strike a deal without compulsory redundancies we can claim a decent result and get on with making and dealing with the changes that need to be made going forward

this is how i feel, as long as i continue to work in the office im currently in doing something then im happy, not even that bothered about a pay rise.

Grumpyoldmailman · Post by **Grumpyoldmailman** » 29 Oct 2020, 19:27

Martin Walsh wrote:Another factor in this is we have an incredible bitter ex CEO Rico Back who created GLS who would like it back and holds significant shares in the background.

I would be bitter if someone had rocked up outside my house with a PA system and a projector.

toonshola · Post by **toonshola** » 29 Oct 2020, 20:06

Grumpyoldmailman wrote:
Martin Walsh wrote:Another factor in this is we have an incredible bitter ex CEO Rico Back who created GLS who would like it back and holds significant shares in the background.
I would be bitter if someone had rocked up outside my house with a PA system and a projector.

Haha I had completely forgot about that stupid stunt. Sums up this union perfectly, lots of shouting and gimmicks on social media but absolutely nothing to show for it.

k979aaa · Post by **k979aaa** » 31 Oct 2020, 01:42

More bothered about the Internal Threat!

richietns · Post by **richietns** » 31 Oct 2020, 06:04

toonshola wrote:
Grumpyoldmailman wrote:
Martin Walsh wrote:Another factor in this is we have an incredible bitter ex CEO Rico Back who created GLS who would like it back and holds significant shares in the background.
I would be bitter if someone had rocked up outside my house with a PA system and a projector.
Haha I had completely forgot about that stupid stunt. Sums up this union perfectly, lots of shouting and gimmicks on social media but absolutely nothing to show for it.

They have got us alot over the years,would you rather no union and fighting RM solo,nothings guna happen while cv19 is about its not rocket science.

clashcityrocker · Post by **clashcityrocker** » 31 Oct 2020, 08:15

SSkUNkY wrote:Lies, Damn Lies and Statistics.

If Royal Mail is really about to die then the Government will be forced to bail us out anyway.

There is a quote elsewhere (Royal Mail share chat) that the managers are running RM like a private business (which it now is) while the staff still think it is a nationalised company.
Why should the government bail us out?

k979aaa · Post by **k979aaa** » 31 Oct 2020, 12:35

clashcityrocker wrote:
SSkUNkY wrote:Lies, Damn Lies and Statistics.

If Royal Mail is really about to die then the Government will be forced to bail us out anyway.
There is a quote elsewhere (Royal Mail share chat) that the managers are running RM like a private business (which it now is) while the staff still think it is a nationalised company.
Why should the government bail us out?

Don't think we need a bail out just a fair price for access for DSA contracts would help balance the books but it is too late for our pensions and terms and conditions.

Grumpyoldmailman · Post by **Grumpyoldmailman** » 31 Oct 2020, 13:38

clashcityrocker wrote:There is a quote elsewhere (Royal Mail share chat) that the managers are running RM like a private business (which it now is) while the staff still think it is a nationalised company.

Our lino’s must have missed that memo. They seem to be as pissed off as the rest of us and are uninterested in the whole thing.

Woody Guthrie · Post by **Woody Guthrie** » 31 Oct 2020, 13:50

I think that idea that the staff are dinosaurs doesn't really hold water any more, the business has been run on a self funding commercial basis for at least 20 years and many of the staff now can't even remember the "good old days".

The question is have the managers moved on?
Most of them including some of the most senior are still old school with little or no experience of a world outside Royal Mail. Certainly in my limited experience management intransigence and inflexibility seems to be rife.

Perhaps we're looking for fossils in the wrong place.

k979aaa · Post by **k979aaa** » 31 Oct 2020, 13:56

Woody Guthrie wrote:I think that idea that the staff are dinosaurs doesn't really hold water any more, the business has been run on a self funding commercial basis for at least 20 years and many of the staff now can't even remember the "good old days".

The question is have the managers moved on?
Most of them including some of the most senior are still old school with little or no experience of a world outside Royal Mail. Certainly in my limited experience management intransigence and inflexibility seems to be rife.

Perhaps we're looking for fossils in the wrong place.

You will have palaeontologists flocking in droves to 100 Victoria Embankment, London, EC4Y 0HQ