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Spy
""""Weekends are for family and football for me.""""
How odd that a white-collar worker has just echoed the sentiment of probably 90% of posties.
There is nothing hostile in my posts, just facts. But you do agree that the up-coming strikes strike a chord with you.
Why should i agree work "X" amount of Sundays when this is the day i generally see my grandchildren, if the great and the good are not expected to do the same. I work 5 Saturdays out of 6. Do you? NO! But if your t's and c's were to be changed dramatically, to include weekend working, you may well throw your toys out of your pram.
If k gets in,your union agreements are torn up,I will try to put this delicately…..you will be told …you work for the company needs…you will do it….or else you will be on a disciplinary…which can be gross misconduct for refusing to follow a management direction…when I say R/m are now covering all bases behind the scenes they are… no tribunal,no redundancy,you work as instructed or your out…there even clamping down on time off due to sick…so that avenue will close…:-)
@ Talk2Much.
""""Weekends are for family and football for me.""""
How odd that a white-collar worker has just echoed the sentiment of probably 90% of posties.
There is nothing hostile in my posts, just facts. But you do agree that the up-coming strikes strike a chord with you.
Why should i agree work "X" amount of Sundays when this is the day i generally see my grandchildren, if the great and the good are not expected to do the same. I work 5 Saturdays out of 6. Do you? NO! But if your t's and c's were to be changed dramatically, to include weekend working, you may well throw your toys out of your pram.
Angersharkz, to me energy price hikes due to Putin and his war have been the catalyst for inflation and resultant tank in the general market. If the war ended and there was a new regime in Russia with 'cleanish' hands things would change massively. It would completely change the current narrative and uncertainty. If energy prices went back to normal levels energy price caps set in europe and uk would be much cheaper to fund requiring less central government borrowing. The other things I mentioned are more specific to RMG and would help the sp bounce but the underlying downward trend would continue.
Looking at the conscription just announced in Russia, these new troops will be rushed to the front with poor training, moral, bad kit, and resupply problems facing a battle hardened ukrainian army. Russian army could collapse because they don't want to fight leaving Putin to either use nukes or give up. I would be stunned if Russia followed the nuclear path. I believe Putin is more likely to be removed from power and a rapprochement made with the west.
teslo quote"In light of yesterday's budget, RMG should just pass a special resolution and put the price of 1st class stamps up by another 10 % with another 10 % increase in April 2023 and simply state the increased cost has been made to absorb future pay rises to staff that the company intends to implement in the near future.
The 10 % increase April 2020 looks especially low now in light of how much other items have increased and will be increasing in the not to distant future.
A unionised company irrespective of the fact it's a PLC cannot and should not be distributing £700 million to shareholders and offering employees a token 2 % pay increase.
A lot of the employees at Royal Mail are low level workers that will be living paycheck to paycheck and the inflation rate that the government states is much lower than what everyday people are actually experiencing with simple household bills and expenses." WELL SAID......
RMG chart looking a bit dire. I was thinking about what could generate a bounce or contribute to slide in s.p. :1) Kretinsky gets the go ahead re. National security and investment act. (10th/11th Oct at latest?).2) Putin falls out of a window, Ukraine war ends, energy prices return to normal levels, inflation falls.3) CWU strike collapses, return to work, new T&C's applied.4) UPS Q2 results (25th oct.)5) RMG half year results (around 20th Nov)This is hardly an exhaustive list, just some of the things which seem significant to me in medium term. Any additions welcome.
PP, Very pleased to hear that. Always thought her a keeper. You may recall I was also the recipient of the benefits of a legal eagle. We parted friends years ago and unbelievable her name was mentioned during a transaction abroad last year. Fortunately we were still friends. My bikes have engines started with a very quick Honda years ago. Last I bought though was an old heavy Shadow. Lovely bike but seldom used now.
I sold plenty of shares at the point of realisation that history was repeating itself. Still a holder of some but fortunately have less homes now so not desperate financially :-)
First better correct "online busy" to "online buddy"
I could always protest that it was deliberate though ;-)
Hi Red. My legal eagle is still here. She’s bought (me) a bungalow here now. I’m still a kept man. Not interested in getting another Porsche, I’m more into riding my bike. Only got my original 3030 RM shares (the maximum we were guaranteed to buy at the outset) left.
PS, I forgot to mention that some of the agreements called in have a four week notification period but others won't take effect for another year which may play into the hands of the CWU.
AngerSharkz, I have just been reading the letter (22/9/22) that Dave Ward received from Simon Thompson. It outlines parts of several agreements that the business intend to call in due to the recent industrial action and in line with the framework of the agreements.
Personally, I think that it would be difficult for the CWU to argue most of the points raised in the letter however from an employee perspective the fact remains that both RM UK and GLS have been making decent profits since Rico Back departed but this opportunity has been squandered by the BoD to invest this unexpected windfall more wisely.
On the upside, this could be a fantastic opportunity for anyone thinking about buying back in but judging the bottom is going to be tricky. Someone posted that FOMO would eventually take over and I have to agree.
PP. Must admit to being a bit disappointed way back when you got shot of the Porsche. Felt good having an online busy with a Porsche. Hope the "Legal Eagle" didn't get the same treatment.
I wouldn't recommend buying this one when completed.
https://www.youtube.com/watch?v=ax7f_SuMI-I
Oli, your comments remind me that a nucleus here created a lighter more pleasant board where members could agree to differ. However much easier to be light hearted when the bankable element of shareholding is healthier and IA isn't on the cards.
I can understand the managers thinking. Perhaps the memos were anticipated just for the fun of correcting errors. Meanwhile they were read?
Redceo, back in the mid '80s, I had a line manager who would write memos for the notice board using an early version of Microsoft Word. It had a spell checker and thesaurus but he ignored them and printed out the memos regardless. The staff would take great delight in correcting his bad punctuation, grammar and spelling mistakes (think Life of Brian) however he was happy in the knowledge that his memos had been read. Job done.
Perhaps Maximus attended St Custards?
PostmanPorsche, how do you know that Dowsie's father's mother is "shocking"?...lol
PP. Agreed re Dowsie, "people in glass houses shouldn't throw stones"
However, what is the point of Maximus intentionally spelling incorrectly?
Surely he wants to make a point regarding current RMG problems. Attention being diverted by spelling errors is just that, a diversion. Particularly as some won't even be aware of the errors.
Postmanporsche you are right my grammar is shocking so perhaps It’s best if I don’t pick up on his spelling mistakes again
Listen the only thing you have got where wisdom is concerned are your teeth now if you can’t spell go and ask your teacher .Notice how I put can’t not Carnt just like someone else said on this board your posts are like the elephant man had written them
Dowsie, your grammar is shocking! You can’t complain about someone else’s spelling when you can’t write a proper sentence.
Feeling drousey zzzzzzz
Luv it wen wee get a responce like yors…kinda meens my wurds of wisdom arnt far from the trooth .those fuw wurds speeks thowsands comming from a posty :-)
Maximus I told you to go back to school and learn to spell the only thing on here that is inept is your spelling twice you have put no when the word you were looking for was know and when you put week it is weak and you give advice on here my granddaughter is 9 and she can spell better then you
Forget the divis now…that’s in another universe lol…a lot has changed in a short period…you should be concentrating on the here and now…which is not looking good ….ripping up all previous agreements opens up another level of cost cutting…which if not done through streamlining will end up with jobs…
The union will not want to go to acas as they will look out of touch with the real world,the company no this and have put the ball in the unions hands…it’s another tick in the list of things to do box…so then if the union still don’t get it and push on with the only tool in the box they have…the outcome implemented on the workforce will make them look incredibly inept at what they do.
Going to acas and loosing the argument will also make them look inept…basically there up a creek…spare paddle anyone
I meant the 10p increase to 95p in April 2022 not 2020
GLA.
In light of yesterday's budget, RMG should just pass a special resolution and put the price of 1st class stamps up by another 10 % with another 10 % increase in April 2023 and simply state the increased cost has been made to absorb future pay rises to staff that the company intends to implement in the near future.
The 10 % increase April 2020 looks especially low now in light of how much other items have increased and will be increasing in the not to distant future.
A unionised company irrespective of the fact it's a PLC cannot and should not be distributing £700 million to shareholders and offering employees a token 2 % pay increase.
A lot of the employees at Royal Mail are low level workers that will be living paycheck to paycheck and the inflation rate that the government states is much lower than what everyday people are actually experiencing with simple household bills and expenses.
EvenThe Guardian was urging RM workers and unions to go through the acas route in an article a couple of days ago -- not a good sign for the union's when you have a paper that is basically pro union stating things like this IMHO
Been a while since I dealt with acas so stand to be corrected…but both side put there cases forward…acas then points them in a direction….if it went against the union they would then look extremely week:-)
EvenThe Guardian was urging RM workers and unions to go through the acas route in an article a couple of days ago -- not a good sign for the union's when you have a paper that is basically pro union stating things like this IMHO
As a couple of posters here have alluded to, It's fairly clear that the BoD plan is going to schedule. Give a huge amount back to the shareholders, award yourself and your work colleagues a nice bonus despite not meeting your targets, then antagonise the workforce so that they will go out on strike and you have a perfect scenario to drive the SP down in the hope that a whale will swallow up the cheap shares.
What I can't understand is why the shorters aren't getting involved in a bigger way given that the SP has dropped 64p in the last two weeks.
I would suggest the shorters/there companies no a lot more,and alot quicker than we do,they to make mistakes,I would hazard a guess that quietly they have been adding…also the k news once it comes shortly could have a big impact on the share price and they don’t want to get caught out..