The financial 'truth' is that Royal Mail made millions of pounds operating profit last year and then squandered it to shareholders and executive bonuses. The rest was then wasted on management bonuses and recruiting agency workers to drink coffee in the canteen. Such gross mismanagement of the companies finances is a reflection of STD's performance.
This financial truth has been quoted quite a few times on here. I agree that the way the profits where handed out doesn’t look good to most but I don’t think that it’s relevant to this years projected profits.
If a business is loosing money it needs to act. IMO, a lot of last years bumper profits should have been used differently but I don’t think it should be used to counter major losses unless there was a clear and workable strategy to bring it back to profit.
I have seen agency staff pick things up in 2 weeks especially with park and loop partnership. I work with an agency staff that is miles better than most. He is also prepping these days!
You mean the agency staff whose parcels I kept finding on people's steps or doorways? The agency staff that just "No Access" half the packets and bring them back? The agency staff that missort packets to me on the IPS that I have to go put to the right division?
Hit the nail on the head there mate. Personally think that’s been one of there plans as to totally demoralise staff and hope some pack it in the other being in weaken the union severely. What I can’t understand is why do it to experienced staff who know/do the job well.
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They want as many as possible to resign so they can have new starts on Shiite contracts. They don’t care how experienced you are, as they want everyone to work long days and complete. The more the experienced ones resign, the better for them.
RM are offering £11.59 an hour on these new contracts, that works out to £22299 per year on a 37 hour week. Good luck to them filling those jobs and retaining people on that wage. They will never get any staff.
There was a draft on here a few weeks ago of a contract for a newcomer.It was based on 40 hours a week, the annual salary was around 28K. If that’s the case lots of younger ( or maybe not so young ) people will jump at the chance.
Hit the nail on the head there mate. Personally think that’s been one of there plans as to totally demoralise staff and hope some pack it in the other being in weaken the union severely. What I can’t understand is why do it to experienced staff who know/do the job well.
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They want as many as possible to resign so they can have new starts on Shiite contracts. They don’t care how experienced you are, as they want everyone to work long days and complete. The more the experienced ones resign, the better for them.
RM are offering £11.59 an hour on these new contracts, that works out to £22299 per year on a 37 hour week. Good luck to them filling those jobs and retaining people on that wage. They will never get any staff.
There was a draft on here a few weeks ago of a contract for a newcomer.It was based on 40 hours a week, the annual salary was around 28K. If that’s the case lots of younger ( or maybe not so young ) people will jump at the chance.
Are you from London or the South? They will never get any staff
I couldn’t be much further away from London, not sure how that’s relevant though as most of the country has a problem getting and retaining staff. We have even had 2 lads leave to go and work at Amazon in the last month, I’m not sure where this myth come from that we are paid more than them. I have seen their payslips and their hourly rate is better than ours as they are on job and knock, only see the boss for 30 seconds a day as well which is a bonus for them.
How the agency staff not know where they are going? Is it a secret?
This is an address and there is a sat nav - how hard can it be to find?
I am not devaluing my job but the reality is that a proper set up office, set frame and with a bit of guidance will result in most reasonable and capable people doing the job...
* By the way, I should add that it is a job to me - just a job that I get paid for!
How the agency staff not know where they are going? Is it a secret?
This is an address and there is a sat nav - how hard can it be to find?
I am not devaluing my job but the reality is that a proper set up office, set frame and with a bit of guidance will result in most reasonable and capable people doing the job...
* By the way, I should add that it is a job to me - just a job that I get paid for!
Glad you added that bit at the end just to clarify any confusion we would have..
Its happening everywhere and my belief is that the reaction of posties is exactly what they want, how many people are leaving because of the current executive action? Thats what they want especially the older and longer serving people, while the union attempt to negotiate in good faith, which although it gives you the moral high ground only works if its a level playing field, RM have no good faith and just hope it moves enough people on before the inevitable agreement with the union. Meanwhile everybody who goes will be replaced eventually by the newer younger Amazon/Evri mutant hybrid worker on less money. They are hoping that the extra work and unachievable workloads will demoralise and frustrate us all into leaving, i know you all struggle with it but if we all did it RM would become frustrated and demoralised, if we just all worked to our times and brought the stuff back. Its the only way to relieve the pressure on yourself. I fancy when this is all over they will have to backtrack on most revisions, but they will have done what they were meant to do and got rid of a good number of the staff they wanted on the cheap and weakened the union.
Out of interest, wonder how many office revisions are targeting long serving staff as walks that are going. Seems in ours they looked at the seniority list and worked their way down where possible.
Only a few weeks ago the CWU were planning to strike on the 16th/17th February due to the Royal Mail imposing executive action by these un-agreed revisions. That strike was only called off because the union messed up
Since then, the main man facing a Select Committee has decided to enter the fray by meeting with big Dave, champion of the workers rights. He will likely have shown him that the Royal Mail accounts are now redder than our post vans and drastic action is needed otherwise we won't have any jobs left and Royal Mail will go out of business....
So I believe (imho) that we are heading towards a "sell out" agreement. That is, a below inflation pay rise in return for more work being 'forced' on us. The later starts and finishes may well be pushed in at a later date. Many postie's that are already out of pocket won't be ecstatic with this including me, but I'm also a realist. How else can we make this company profitable again?
My gut feeling is that some of the board members should resign given the handling of this dispute from turning a profitable company into one that is as they say is now losing over a million pounds a day. They will likely move on and find other companies to ruin.
The deal will be closer to what ST proposed months ago than anything the CWU came up with.
I think the CWU now know the financial ‘truth’ and are probably trying to compromise on the terms and conditions element rather than pay.
Wouldn’t surprise me, if now the parliamentary pantomime has ended, that ST comes out with more jaw dropping proposals that will probably be forced through before the CWU even get out of bed. Maybe even next week or so.
Problem now is that if the CWU offered its members a deal, even remotely close to what ST has offered, it would be rejected by these members but I don’t the CWU has much wiggle room now.
We will see….
Thompson will be history soon mate. The real negotiations are starting now. The only deal acceptable now is all enforced executive action reversed, the sick pay and redundancy policies back to where they were before Thompson poked his nose in, and a minimum 15% pay rise as we’re now approaching the 2023 pay deal date. Anything less and we carry on fighting. We won’t back away from our rights.
Round of applause all round if that gets through. Think 15% even over two yrs is living in cloud cuckoo land.
our office had a gate meeting on the executive action and we voted to carry out a rule 13 ballot if they try to force in their shite. waiting for the go ahead from the branch, but our rep reckons we wont need to walk as the next few days will see all the E/A being pulled. hope so but we will see.
Some offices are about 3 weeks in Revision (walk absorbed but not yet put onto frames). Our is 2 weeks! Initially, the revision was a pain but in the last week, more than 70% are achieving the delivery... Which means there is room to do more and savings are being made.
Why would they abandon all that completely when prior to revision, volumes was so low that folks were parking up or massively slowing down?
To be fair, the revision in our office has been done in a way that the absorbed walks are relatively close to the walks involved. It is more work but less cumbersome than the previous revision plus lapse that involved Posties taking from 3 walks and going off in all sorts of direction.
I know some offices did not do a revision about 2 years or so ago; some were just lapsing more and more but the revision is needed in my view; whether it is executive action or not, that in my office involved certain Posties (not the Rep) and it is overall fair.
* All offices are different, I know but some are just so resistant to change and have been getting away with loads - that is rather unfair!
Yup. Sounds like your office has been getting away with loads and now it's fair! Our revision is sticking another hr onto people who are over on all but the lightest days already.
Only a few weeks ago the CWU were planning to strike on the 16th/17th February due to the Royal Mail imposing executive action by these un-agreed revisions. That strike was only called off because the union messed up
Since then, the main man facing a Select Committee has decided to enter the fray by meeting with big Dave, champion of the workers rights. He will likely have shown him that the Royal Mail accounts are now redder than our post vans and drastic action is needed otherwise we won't have any jobs left and Royal Mail will go out of business....
So I believe (imho) that we are heading towards a "sell out" agreement. That is, a below inflation pay rise in return for more work being 'forced' on us. The later starts and finishes may well be pushed in at a later date. Many postie's that are already out of pocket won't be ecstatic with this including me, but I'm also a realist. How else can we make this company profitable again?
My gut feeling is that some of the board members should resign given the handling of this dispute from turning a profitable company into one that is as they say is now losing over a million pounds a day. They will likely move on and find other companies to ruin.
The deal will be closer to what ST proposed months ago than anything the CWU came up with.
I think the CWU now know the financial ‘truth’ and are probably trying to compromise on the terms and conditions element rather than pay.
Wouldn’t surprise me, if now the parliamentary pantomime has ended, that ST comes out with more jaw dropping proposals that will probably be forced through before the CWU even get out of bed. Maybe even next week or so.
Problem now is that if the CWU offered its members a deal, even remotely close to what ST has offered, it would be rejected by these members but I don’t the CWU has much wiggle room now.
We will see….
Thompson will be history soon mate. The real negotiations are starting now. The only deal acceptable now is all enforced executive action reversed, the sick pay and redundancy policies back to where they were before Thompson poked his nose in, and a minimum 15% pay rise as we’re now approaching the 2023 pay deal date. Anything less and we carry on fighting. We won’t back away from our rights.
Round of applause all round if that gets through. Think 15% even over two yrs is living in cloud cuckoo land.
Literally the ‘deal of the century’
I mean, people always throw these wild demands out there with literally no idea where the funds will come from to fund them. Even more hilariously, they think they should get a pay rise like this without any change to their current working conditions, which would at least mitigate the financial hit.
Yes, it was a bad look when shareholders were given millions after the profits made during Covid (including yourself in the way of dividends) but the reality is, we are shedding money right now (not helped by buying a fleet of electric vans, granted) and mail is dropping off considerably. Compromise all round is needed.
