Royal Mail

[iainpeden]

Hmmm, maybe I should have asked for the name of your work coach at the job centre.

I deliberately made, and continue to make, an attempt to develop a calm and respectful debate about an important and potentially divisive topic which so far has been spoilt by only a single contributor.

[jonnewell]

Well said Ian.
There will always be a small minority of dyed in the wool blinkered right wing bigots.

[iainpeden]

Well said Ian.
There will always be a small minority of dyed in the wool blinkered right wing bigots.

Many thanks.

[Condor68]

Sorry Paddy didnt think thanking the postie would lead to this.I have had my eyes opened even though BT was similar but the need for faster comms hid a lot of what went on.At least privatisation got rid of most of the old military style admin BT had.Really pee'ed of one boss who tried to tell me what to do when I told him "With my previous job I built and commissioned 22 of these exchanges between Elgin and Waddington.Have you ever been in ONE?"He retired about 5 years later and never spoke to me once in the intervening time. Maybe being in an Open plan Office at the time had something to do with it.Obviously didnt do the promotion prospects much good.A real boss would have put me on the stuff I had worked on .These guys put me on a system I had never seen just because it would be nice if I if I knew somebody as my previous company were doing the work.Seriously that happened.If they had put me on the new stuff they would have saved thousands as the contractors didnt just pull the wool over their eyes they pulled the whole farm.Happy days.

[Pune]

Well said Ian.
There will always be a small minority of dyed in the wool blinkered right wing bigots.

Absolutely, well said sir..

[mhm]

% pay rises need kicking out. Take the lowest paid worker find out how much he needs to live on and the difference is how much every one in the company gets. A fair system remember 3% off 10.000 seems a lot but 3% of 100.000 is a hell of a lot more.
Scrap the % pay rise.

[iainpeden]

Fair points.
Questions.
How would you maintain differentials?
How would you set the difference between the lowest paid and the CEO?

[XWP29]

As much as I like our local Postman the outcome of the strike is that many companies have switched to an alternative, Amazon and DPD etc are flat out.
Striking is a right but are the Union leaders short sighted in hastening their members decline. Will there will be long term revenue damage to RM and does that affect jobs. Will many of the companies that have switched return? Probably not as the market is no longer a monopoly.

[ArabJazzie]

% pay rises need kicking out. Take the lowest paid worker find out how much he needs to live on and the difference is how much every one in the company gets. A fair system remember 3% off 10.000 seems a lot but 3% of 100.000 is a hell of a lot more.
Scrap the % pay rise.

I thought we already had the national living age, although i do wonder who it is that sets this?

I do though think that the "easier to understand"(Aye Right!) tiered pay deal that my wife received through the Scottish Local Government settlement is the way forward. But then the lowest paid only get £2k, and the highest £3k. All i need now is the same deal!
Arabest,
Geoff.

[ArabJazzie]

As much as I like our local Postman the outcome of the strike is that many companies have switched to an alternative, Amazon and DPD etc are flat out.
Striking is a right but are the Union leaders short sighted in hastening their members decline. Will there will be long term revenue damage to RM and does that affect jobs. Will many of the companies that have switched return? Probably not as the market is no longer a monopoly.

It is the members who have voted for the strike and given the leaders the mandate. In the case of the Posties, i am seeing some figures being banded about regarding CEO and shareholder payouts, a share of which should have been given to the workers!
Arabest,
Geoff.

[XWP29]

As much as I like our local Postman the outcome of the strike is that many companies have switched to an alternative, Amazon and DPD etc are flat out.
Striking is a right but are the Union leaders short sighted in hastening their members decline. Will there will be long term revenue damage to RM and does that affect jobs. Will many of the companies that have switched return? Probably not as the market is no longer a monopoly.

It is the members who have voted for the strike and given the leaders the mandate. In the case of the Posties, i am seeing some figures being banded about regarding CEO and shareholder payouts, a share of which should have been given to the workers!
Arabest,
Geoff.

Missing the point entirely, I’d have wanted a less harmful time to put the pressure on.

[raptor9]

If shareholders put money into a company, then it is done with the expectation of a return on their investment. If they don't get the return on that, then they will withdraw their money and put it elsewhere, thereby leaving the company in a worse position. If your Bank was only giving you 1 percent interest, but the Bank next door was giving you 3 percent, what would you do?? Simples!. Investors put money into companies to make money for themselves. Nothing wrong with that .

[XWP29]

If shareholders put money into a company, then it is done with the expectation of a return on their investment. If they don't get the return on that, then they will withdraw their money and put it elsewhere, thereby leaving the company in a worse position. If your Bank was only giving you 1 percent interest, but the Bank next door was giving you 3 percent, what would you do?? Simples!. Investors put money into companies to make money for themselves. Nothing wrong with that .

The Directors will expect performance related pay or bonuses, they made £35m 20/21. This always tends to be the norm even when shareholders get less dividend.

International Distribution Services : https://corporate.postoffice.co.uk/medi ... ed-pwc.pdf

They have a facility of up to £780m for the government (us then) to compensate for the postmaster scandal and they are on target for huge losses till 2024 if they make the changes.

https://www.rte.ie/news/business/2022/1 ... r-results/ not good news at all. The half year loss is £57 m with full year adjusted loses expected to be £350M!

Fundamentally the Post Office has been very badly run, individuals should be held to account for the postmaster scandal which is no fault of the delivery posties.

[C24]

% pay rises need kicking out. Take the lowest paid worker find out how much he needs to live on and the difference is how much every one in the company gets. A fair system remember 3% off 10.000 seems a lot but 3% of 100.000 is a hell of a lot more.
Scrap the % pay rise.

This is a strategy that worked once with me, during the 1974 fuel crisis.
MPs were given £2200 earlier this year, not a high % increase but an increase nonetheless.
As for establishing and maintaining differentials perhaps split the total pay and apply changes to specific parts only.

State pension. The EU countries are better than UK if I remember correctly.

[slogen51]

Actually soon might very good time to buy Royal mail shares (IDS) the price has dropped to about £2 and there is no mention of an interim dividend which is probably due to the worsening financial situation they are in . However I believe it will be sorted out and the CWU will accept a fair pay deal and the company will carry on with the inevitable modernisation towards focussing away from letters onto the very profitable parcel business.

A reduced 2022 dividend could see investors fleeing resulting in a very attractive share price. Until recently the share dividend has been very attractive with an effective interest rate of 7-8% way more than leaving money in a post office savings account.

I think the post Covid 'parcel bonus' special dividend (£400M) paid paid to shareholders at the end of 2021 is looking like a mistake and probably should have gone to staff whom must have worked hard during the pandemic to keep other businessess trading with deliveries etc.

The cards I posted on Monday afternoon still haven't arrived by Saturday afternoon

[binbrook32]

I am still waiting on a parcel that apparenly arrived in the country by 23rd November ie. 25 days ago, less 6? strike days in beteeen = 19 days net and its not at my local delivery depot yet? At this rate it may not make it before the next planned strike days!

The Royal Mail situation sounds to me like the P&O Ferries situation last year. Yes, will lead to loss of confidence in the service, falling demand, loss of revenue, etc. Pity, as I thought RM service has been very good over the last couple of years.

[plmc135]

My cousin's Xmas card franked on 8th arrived on Friday 16th. She lives in Chobham, Surrey yet it was postmarked Swindon! First class (not).

[C24]

‍

We live on a post person training route, this year we have spoken to at least 12 newbies. All have been kitted out with boots and shorts!

Yesterday we had eight letters, of which two had unfranked first class stamps. The new self stickers are easily removed and will be recycled.

[ArabJazzie]

As much as I like our local Postman the outcome of the strike is that many companies have switched to an alternative, Amazon and DPD etc are flat out.
Striking is a right but are the Union leaders short sighted in hastening their members decline. Will there will be long term revenue damage to RM and does that affect jobs. Will many of the companies that have switched return? Probably not as the market is no longer a monopoly.

It is the members who have voted for the strike and given the leaders the mandate. In the case of the Posties, i am seeing some figures being banded about regarding CEO and shareholder payouts, a share of which should have been given to the workers!
Arabest,
Geoff.

Missing the point entirely, I’d have wanted a less harmful time to put the pressure on.

Maybe Paddy can confirm when the Posties first received their offer, but if its anything like the situation i am currently in, our raise should have been handed to us in April, therefore i expect its more a coincidence that their strikes are at the worst time of the year for everyone than by design. So with inflation as it is and now that 8 months of pay have passed through the system, when would be the right time to go on strike?

[Rob666]

Please PO get back to work, you choose the time of year when you impact a lot of older people who look forward to the cards etc and my daughter who is waiting for her letter from the main man himself.