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Charlie,
Don't waste your time with Captain Mainwaring and the gang.
Don't tell him Pike
lloydboy I think this is the 3rd or 4th time they have loaned this small level of shares out and recalled. I rightly or wrongly assume these are perhaps for shorting purposes.
Oligarch I missed the tongue in cheek context it now makes a bit more sense, re your point re A/L being cancelled is not fair IMO I can appreciate how difficult it is to manage very small units and relies greatly on goodwill and creativity from both sides.
Norges Bank scaling back holding
What's it saying the the RNS reports I see a notification but I can't read it on my phone.
PS, JB. I work in a small specialised unit of 7 staff. If one of us goes sick, our line manager's first response is to start cancelling leave although it would have been booked up to 2 years (yes that's correct - 24 months) in advance regardless of whether you have booked and paid for a luxury foreign holiday or not. Is that fair?
JB, I wrote this article as a bit "tounge in cheek" in order to provoke some reaction from the non RMG shareholders who think that RMG employees are a bunch of lazy sickies who suck the life out of the company and drag the share price down.
Since 1979, I have taken 88 days sick leave, so just over 2 days per annum. 12 of those sick days were due to an " accident on duty" which still counts as sick.
Rico's latest plan was to not pay employees for the first 3 days of sick leave, but as I am now older and can maintain my lifestyle on a much lower income (even lower in 2023 when my RM POPS1 pension kicks in) I would be quite happy to see the bar raised to 10 days, damnit make that 20. Ok, it may make my line manager's life more difficult but then he gets paid the big bucks to sort the staffing out.
All I am saying is that the majority of people will play the system and look after number one. If the system allows you to indulge then "when in Rome".....
Oligarch you wrote "Fruitster, I can't see your ideas sprouting wings any time soon, although I quite like the idea of NOT being paid for the first 7 days of sick leave on the grounds that if you're not being paid then your line manager would not have grounds to contact you. Also disciplinary procedures would be null and void for that period. This would also be great for taking short term unpaid leave which is currently very difficult to do"
I am totally unclear what you are saying and how it helps either the business, the employees or customers. I am not sure how sick leave being paid or unpaid for first 7 days (that needs a lot more analysis) means hat a manager should not contact an employee. What about duty of care? If you are off on sick it must be recorded and reported. How would making it easy to take unpaid leave help? If 6 people in a unit took unpaid leave in the same week how do you manage that and provide a service. I also found the sick leave procedures in terms if interviews and triggers allowed me to help more people than penalise. I am all for proposing meaningful changes but not clear what you suggest would help.
Red, any strike action will be damaging for both the employees and the employer.
If Rico gets this wrong he may not have the opportunity to 'walk away' before the shareholders decide to replace him.
Think in terms of the English Premier League football, it's always the manager that takes the walk of shame whilst the players remain when things go wrong. It's easier to get rid of the boss than the workforce!
The fact that he has £2 million invested is irrelevant.
JB. Remember " I say what I think that the company stinks I'm a union man"
Ispy thanks for your response last night. Not sure you trying to shed a different light is working. It appears you think it is greedy shareholders who are the issue this includes some of your current colleagues and many ex colleagues and RMG pensioners. I personally find it quite distasteful that you suggest we want to gain at workers expense I think your argument dies right there with that statement. I invested in RMG as I think it is an amazing company and by working hard has given me everything I currently have and I am sure many other 000's of people yourself included. There is great scope to improve what we do within RM particularly in productivity and in processes and policies. The sick leave terms as I knew them were IMO overly generous. I think the current pay offer to managers is fair even if inflation was running at 2%. I could go on and give you lots of examples of good and bad behaviour and abuses of systems but with your entrenched views I have the feeling I would be wasting my time.
Oli. "If the CEO gets this wrong he has the option to walk away"
Can't see Rico doing that he has a fortune invested in RMG shares.
If the CEO gets this wrong he has the option to walk away. Don't forget that most senior managers don't normally stick around for more than 4 years (Moya Greene was an exception) and are usually after shot term gains.
These next 3 months are crucial, if ceo gets this wrong,he risks losing swathes of customers. Not just this year, but for good. Once they are gone, the writing is on the wall for RM. CWU will also realise this.
Fruitster, I can't see your ideas sprouting wings any time soon, although I quite like the idea of NOT being paid for the first 7 days of sick leave on the grounds that if you're not being paid then your line manager would not have grounds to contact you. Also disciplinary procedures would be null and void for that period. This would also be great for taking short term unpaid leave which is currently very difficult to do.
Nuri, you have qualifications to PHd level but get paid the same as a postie £23kpa plus potential allowances? Really? Perhaps you don't need the income but I think that you will find that most people educated to degree standard expect a better salary. Qualified social workers are on around £35k+++
Fruitster, judging by your comment "The way you do that is raise salaries straight away, but take away all longterm sickness perks, which is rife within rmg i.e any sickness leave more than 10 working days per annum will not be paid" leads me to believe that you haven't experienced working for RMG. Yes there are a small percentage of **** takers who take it as a given that they can have an extra 14 days leave due to the sick policy but this is not the norm. Many of us only go "sick" when we are actually ill. One of my colleagues with 39 years service had a double hip replacement last year and was out for 13 weeks with a 13 week phased return to work. Previously he had taken 10 days sick since 2000. Under your thinking he would have received no pay for 10 weeks! Ludicrous.
Fruitster, did you really mean this quote?
"they are not a nationalised company anymore and accordingly the owners or shareholders are free to do whatever they wish with those assets if productivity doesnt improve and that is sell them to owners that will be more ruthless."
I think that you will find that although classed as a "privatised business", the RMG board of directors still have to comply with a raft of legal protections. They can't simply "do whatever they wish with those assets if productivity doesnt improve and that is sell them to owners that will be more ruthless".
@ wolvesposty. (JBTHISTLE)
I stand corrected. I should've added IMO. So I'll apologise for misleading anyone that reads this board. I try to shed a different light on things, instead of greed at workers expense, like shareholders. IMO. However, it is all about money for shareholders, so tell me I'm wrong.
Can you answer my questions though from my earlier post?
Will you continue to reap the benefits that the CWU continue to gain for you, wolvesposty? And if you do, does that make you a hypocrite?
I Spy
I spy.... all you mention is not up for negotiation.... so stop trying to frighten people.... its the 39 down to 35hr wk and you know it.... self funded as its supposed to be......forget parcel force being sold... parcel force is separate entity from royal mail and has employed self employed drivers on zero hours contracts for years... yes or no?
Ispy wow I didn't think he was going to be that extreme he is going to stop paying sick leave, pay rises and pensions that is tougher than I expected but thanks for letting us know. I am still struggling to see where any of that is documented but if you say that's the case I will accept your word.
Wish I could have contributed a bit more over the last few days but been unwell. No surprise at todays news nor the increase in postings from the low level traders if you ever need any conformation of their total bias just read their posting history. GLA
@ wolvesposty.
And so do I.
But judging by your posts some of your colleagues don't. And that's where your problems lie.
If you were to take a long time of work through illness or injury, would you gratefully accept your full wage?
Will you accept any pay rises negotiated on your behalf, in your time as a postie?
Will you accept the soon to be ratified pension agreement?
Well if Mr Back gets his way, wave bye bye to the above. And many more things.
But don't worry, you can still fall back on your dividends can't you?
I Spy
I spy... I accept a decent wage for a decent days work...… whats the problem there? you must be a union rep.... brainwashed by cwu...
@ wolvesposty.
You keep mentioning me. Missing me are you?
It's odd how you won't strike but will still accept all the benefits going forward. And you're still banging on about your colleagues going home early. Shouldn't your manager be doing something about this?
I Spy
Patronizing and u got their name wrong. Impressive!