Takeover by the end of june

[Rommagic]

So why the hold up on a payrise?.

[Jefferson Starfish]

So why the hold up on a payrise?.

Do you read other threads at all?

viewtopic.php?p=1121166#p1121166

by Martin Walsh » Thu Mar 13, 2025 8:41 am

It is very simple. The IDS Board won’t be in charge to honour any pay deal.

The new owners EP cannot sanction a pay deal until they’re the new owners which will now not take place till their late May.

We will be negotiating in principle pay and all the other issues which are contained within the EP agreement.

However the laws governed by the Takeover panel are quite clear that until the takeover is completed then it is only agreed in principle.

There ia no blame attached to the CWU in any delay as the law is crystal clear that whilst the takeover is clearly very likely to take place, it still has to follow the formal process which means they have to be cleared by Romania and then get over 75% to be the controlling shareholder and if they get to 90 they can compulsory buy the remaining shares to become the sole shareholder.

[Perseus]

Let's be honest, when was the last time we had a quick negotiation for pay?
If it wasn't for the takeover, something else would have cropped up to kick the can down the road to the usual September/October.

[Sean06]

So why the hold up on a payrise?.

Its already been explained why.

[Wullie10]

Voted Brexit and have to wait for the Romanians to get a pay rise .... no doubt the £100 lump sum and 1.2% no strings will be ready by January next year.

[emu72]

Maybe bt,sky,council,water company etc will be patient enough to wait until i get a pay rise.I’ll tell them January 2026…receive in one hand to give out in the other.Story of my life!

[Rommagic]

Pay talks today?.

[Valentina@1]

Pay talks today?.

Apparently so.

[Deadly]

The Romanians have finally given the takeover the nod. There is more info in the share section of this forum.

[ted_e_bear]

Pay talks today?.

Apparently so.

Are they still talking 3 days later ? Must be a good one then

[Sean06]

Pay talks today?.

Apparently so.

Are they still talking 3 days later ? Must be a good one then

The reply was 3days ago

[ted_e_bear]

Pay talks today?.

Apparently so.

Are they still talking 3 days later ? Must be a good one then

The reply was 3days ago

So have they concluded the talks then ?

[menditsa]

The Romanians have finally given the takeover the nod. There is more info in the share section of this forum.

I've just got back from Romania

[Perseus]

From CWU:

In addition, this clearance removes any lasting excuse from the current Royal Mail board who have resisted talks on all the outstanding issues covered in Section 5 of the CWU/EP Group, including pay and levelling up new entrants’ terms and conditions. We hope to commence pay talks imminently given this development.
Dave Ward
General Secretary
Martin Walsh
Deputy General Secretary (Postal)

I, like many others were under the impression that the current board weren't going to be dealing with the Section 5 stuff?

[Sean06]

Pay talks today?.

Apparently so.

Are they still talking 3 days later ? Must be a good one then

The reply was 3days ago

So have they concluded the talks then ?

No idea if they were even happening.