Royal Mail to be privatised

realitybites · Post by **realitybites** » 13 Oct 2010, 14:17

Heard on the news that plans will go ahead to privatise Royal Mail. Looks like it will be definite, could be a foreign interest as well. Now we know what all the streamlining was about, anyone know how this will affect us. I know there has been a lot of speculation but with this new certainty is there going to be wholesalr change, are wages about to take a nosedive.

not me · Post by **not me** » 13 Oct 2010, 15:49

theres no way to know
i doubt wages will be cut
however dont expect any rises either

realitybites · Post by **realitybites** » 13 Oct 2010, 16:01

I suppose it was inevitable with all the cuts, falsified mail counts, vastly exaggerated projected figures across the board to make it a viable proposition, and some have bitten. I would say they were mugs but they can only go by the figures. With such a major investment you would expect an interested party would infiltrate the ranks of the delivery staff to get a more realistic idea of whats going on.

theboropostie · Post by **theboropostie** » 13 Oct 2010, 16:01

Just to be a bit controversial...

We are in this s**t after a lifetime of government ownership.

Would private investment really make it worse?

not me · Post by **not me** » 13 Oct 2010, 16:16

theboropostie wrote:Just to be a bit controversial...

We are in this s**t after a lifetime of government ownership.

Would private investment really make it worse?

depends if you are happy on a minimum wage hours as required contract
no paid breaks etc etc

realitybites · Post by **realitybites** » 13 Oct 2010, 16:19

theboropostie wrote:Just to be a bit controversial...

We are in this s**t after a lifetime of government ownership.

Would private investment really make it worse?

I think the s**t started to hit the fan when RM decided to sell up and started making changes to give the impression that it was doing well with figures well up (the advent of absorption, hours cut, job losses, part time contracts etc). This has to have been in the pipeline for a couple of years culminating in the mess we have now!

realitybites · Post by **realitybites** » 13 Oct 2010, 16:29

Looks like the government are going to foot the pension bill to make it viable. Post employees to keep a 10% stake as well.
http://www.sharecast.com/cgi-bin/sharec ... id=3746464" onclick="window.open(this.href);return false;

belle smith · Post by **belle smith** » 13 Oct 2010, 16:33

custard wrote:
theboropostie wrote:Just to be a bit controversial...

We are in this s**t after a lifetime of government ownership.

Would private investment really make it worse?

depends if you are happy on a minimum wage hours as required contract
no paid breaks etc etc

Wev've had our pay cut over the last 3 years anyway as well as having our T&C decamated and lost or pension. oh i nearly forgot tens of thousands of job losses too.

I'm sure it could get worse but it's s**t now anyway.

bwfcmaddog · Post by **bwfcmaddog** » 13 Oct 2010, 16:35

will the shares be worth anything

Post by **TrueBlueTerrier** » 13 Oct 2010, 16:36

Moved to correct section -

Thanks for the Heads up Belle Smith

belle smith · Post by **belle smith** » 13 Oct 2010, 16:36

bwfcmaddog wrote:will the shares be worth anything

I hope not!

belle smith · Post by **belle smith** » 13 Oct 2010, 16:38

TrueBlueTerrier wrote:Moved to correct section -

Thanks for the Heads up Belle Smith

Your welcome teebs.

realitybites · Post by **realitybites** » 13 Oct 2010, 16:42

TrueBlueTerrier wrote:Moved to correct section -

Thanks for the Heads up Belle Smith

My apologies, only ever posted on the Blue Shirts forum, didn't even know there were other foums

floydy · Post by **floydy** » 13 Oct 2010, 16:54

Why the hell would you do this job for minimum wage....there are far easier jobs out there for that

belle smith · Post by **belle smith** » 13 Oct 2010, 17:07

floydy wrote:Why the hell would you do this job for minimum wage....there are far easier jobs out there for that

I think i'd collect trollies at the supermarket first.

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