ANNOUNCEMENT : ALL OF ROYAL MAIL'S EMPLOYMENT POLICIES (AGREEMENTS) AT A GLANCE (Updated 2021)... HERE

ANNOUNCEMENT : PLEASE BE AWARE WE ARE NOT ON FACEBOOK AT ALL!

"agreement"

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.
RTI
Posts: 216
Joined: 19 Oct 2007, 14:28

"agreement"

Post by RTI »

–noun
1. the act of agreeing or of coming to a mutual arrangement.
2. the state of being in accord.
3. an arrangement that is accepted by all parties to a transaction.
4. a contract or other document delineating such an arrangement.

If royal mail cannot keep their end of the deal, why should we keep ours?
Should the union be halting any work being done on: revisions/new ways of working/stopping absorbtion (all where applicable)?????

also, has anyone got any news on the planned payrise? or any other info on the whispers about rm being in such a state that there mite not be enough money to pay us at the end of next month??
“If you can deliver a letter to Scotland in a day for 39p, take it yourself.” - Jack Dee
Big Daz
Posts: 5668
Joined: 17 Apr 2007, 20:27
Gender: Male

Re: "agreement"

Post by Big Daz »

The agreement was between RMG and HM Goverment

No agreemnt with CWU on shares other than not to issue a third allocation but to replace it with a transformational lump sum which yesterdays events have shown to be a wise move as that third allocation would be worthless.

The CWU policy has allways to try and hold RM to their promises even though the CWU dont support the CS scheme.
Big Daz
Posts: 5668
Joined: 17 Apr 2007, 20:27
Gender: Male

Re: "agreement"

Post by Big Daz »

If RML dont pay out the lump sums that have replaced a third allocation then they are in breach of BT2010 and also in breach of agreements made with PF and POL.

Claiming shares are worthless is not in breach of the plan rules, refusing to pay if there is some worth no matter how little is in breach.
Dushku2309
Posts: 80
Joined: 19 Oct 2009, 16:05
Gender: Male
Location: Liverpool. Moyeside

Re: "agreement"

Post by Dushku2309 »

The Union rake in close to £513,150 a week in subscriptions.. ( if the figure of 165,000 active members is accurate in Royal Mail alone @ £3.11 a week and 211,000 members all total,including other sectors)

The Union should payout their members a gesture of good will after the chaos and money loss after the last debacle with Royal Mail and then should claim it all back with compensation :roll: :shock:
happyhippo
Posts: 105
Joined: 02 Aug 2010, 17:47
Gender: Male

Re: "agreement"

Post by happyhippo »

Big Daz wrote:If RML dont pay out the lump sums that have replaced a third allocation then they are in breach of BT2010 and also in breach of agreements made with PF and POL.

Claiming shares are worthless is not in breach of the plan rules, refusing to pay if there is some worth no matter how little is in breach.
In Royal Mails opinion they are paying them out £0 for a zero valuation so wheres the breach :nana :nana
bensonhedge
Posts: 448
Joined: 15 Mar 2010, 20:14
Gender: Male

Re: "agreement"

Post by bensonhedge »

could of been worse...you could of bought some of their shares :left: ££££££??????? :wave
knackeredneedadayoff
Posts: 342
Joined: 05 Nov 2009, 18:19
Gender: Male

Re: "agreement"

Post by knackeredneedadayoff »

If Royal Mail is worthless come privatisation is it going for a quid,i doubt it,they are just screwing us
piranha
EX ROYAL MAIL
Posts: 496
Joined: 01 Aug 2007, 09:30
Gender: Male

Re: "agreement"

Post by piranha »

Its BS overall the group is making a profit and the only reason letters isn't is cos they are investing millions in modernisation, they could afford to pay us but basically they don't want to :evil/mad