Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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@AngerSharkz
"Dave and Terry work purely out of the kindness of their own heart. They don’t get paid in money, they get paid on the smiles of posties and the happiness of children"
Dave and Terry are elected by the membership, if the membership are not happy they can replace next election. Any CWU member can go for any position within the union. They certainly do not get 300.000 shares for free like Simon and the rest.
@ teslo
The CWU is not against change, the change has to work for both RM and CWU members. The problem RM have is that the management don't want change either or do not have the knowledge to implement the change. Anyone that works for RM will understand what I am saying. Few months back they paid lots of managers redundancy money because they did not need them, they went out and employed other managers with less money but it don't make sense what they doing. My office we suppose to have 3 managers and no rest day covers for them but instead we have 4 sometime 5 managers in there. Simon says he got no money but plenty of money for managers. I can honestly say that RM is very badly managed.
@Babis I had multiple clients and have worked in finance within the construction industry.
None offered 6 months of sick pay, what they did have though is a lot various different insurance cover and various other indemnity packages to protect such events. Insurance companies, though will always have much stricter guidelines and policies on long term payout's than a company like RMG would and does.
I have no problem with it, the CWU is doing the job is being paid to do, but looking at their accounts as @Hounddog said the CWU needs the type of scenarios we're seeing with both BT and RMG to survive and i'm sure they represented all the doctor's and nurses, they'd all be on strike now.
@teslo, it USED to be money for old rope at RM. I remember once getting 6 hours overtime for doing three 2nd deliveries that took me 2 hours. We used to get 4 hours overtime for delivering half a walk, then our manager suddenly decided he was only going to pay 2 and a half hours. That was when I stopped doing overtime. It’s definitely not as easy as it used to be and I’ve been retired for 4 years.
@teslo
''Finally, is there another company out there that pays 6 months of sick leave on full pay?''
Yes you do have other organisation that pay 6 months full pay. The sick pay its not forever. If you run out of full pay and half pay it can take you 4 years of work to get the same again, that's 4 years of no sick pay. You have to understand that the posties job its physical work and you have greater chance of injury. the problem is when you get that injury if you don't have some sort of private health care it can take forever for NHS to sort out. My opinion is RM should send anyone on long term sick to private health care, it will cost less than someone sits home for 3 to 4 months to see a NHS consultant or wait for operation. This is where RM are not thinking clearly and could save money.
Some of the injury the posties get like plantar fasciitis can be sorted out quick, instead they take forever for NHS to deal with. This is where RM should act.
The business is losing £25m a day on strike days allegedly.
How has this figure been calculated? Does this number include the revenue that would have been made if workers were working? Or is it the total loss experienced per day of the strikes? A 25m a day loss works out at over 9 billion a year. The company had total revenue of 12.7b last year and a profit of 577m. So the company would have us believe the costs the business incurs while workers going on strike is 80% it's normal operating costs? Yet workers wages make up 50% of the company costs. Something not adding up here.
@Hounddog10,
To be honest, I just took the figures from the summary sheet on page 27 which detailed 29,000,000 in Income but an actual spend of 32,000,000 (Page 27/53.) I do see the surplus of £6,000,00 but there is a lot of careful accounting in the presentation of the figures.
All companies beyond a certain level are guilty of that though, especially RMG.
It seems they have plenty of money in the bank, but their pension scheme fund as you said seems to be in a mess, but that could and probably unwind in due course.
Of that £29,000,000 only £1,000,000 was paid out in member benefits, but they somehow spent £2,000,000 on stationary, postage and telephone
Realistically, they should have a much higher net profit margin, but just like RMG UK they're hemorrhaging money in administrative and labour costs and costs to Labour.
Teslo. Yes this is also in the mix and an important factor. With 190,000 members the CWU cannot easily survive a lot of job losses at RM (or BT) where most of their members are. Have to say can’t see the £3m deficit. Thought for 2020 was a £6m surplus in the general fund. But that was only because Covid closed down a lot of activities. 2019 was almost £1m loss.
Other interesting stuff - big pension fund deficit, hedge fund investment, mortgages to officers etc. Sure you have seen it.
2021 is late. 6 month filing deadline.
The CWU is raking in over £29,000,000 in subscriptions every year and is somehow running at a £3,000,000 deficit yet it is dictating to a PLC how it should be run in the modern era.
Nice to see they made a £761,000 donation to the Labor party in 2020, yet they complain about dividends.
There is more if anyone is interested.
https://www.gov.uk/government/publications/communication-workers-union-annual-returns
Do tell, on what basis could RMG take the union to court?
-They Couldn't find a single flaw with the ballot, or they would've taking CWU to court (like last time),
-They meet the threshold needing for industrial action
-There giving the Business the necessary 2 week notice
If I had those terms and conditions and someone threatened them, I'd probably vote to strike is what I meant.
Easy street is where RMG employees have been living for years if not decades.
The CWU seem to be doing a great job of posting pictures from all the various picket lines up and down the country.
They remind me of the Hatton Garden Job, when the robbery took place the headlines were full of stories of how this was a masterful job and only true masterminds could have planned and carried out the job. When they were eventually caught it turned out they were a bunch of geriatrics.
The lines look a bit thin considering RMG employees circa 150,000 in the UK.
Seems like most of them have just taken another day of unpaid holiday, plus 20 % or more will still be claiming sick leave and probably don't want to get caught on camera.
In the end all you can do is laugh, fair play to them
Finally, is there another company out there that pays 6 months of sick leave on full pay?
If I had their current terms and conditions I'd be striking too, it's like an episode of Shameless.
it will be being discussed :-)"....
Yes, I'm sure that it will, but not with the likes of you and me, so you can keyboard rant all you want, it won't have any effect on the outcome.
In the meantime, please continue to add more stock to bring your average down (heaven knows the CWU are doing their best to help you here), after all, it's a win-win for the investors?....lol
Lol
Exactly...from maderia....off the back of a nice divi...buy when all are selling..sell when all are buying...keep striking boys...bit wet out there I believe...at least once your no longer employed there will be no union fees :-)
because I don't know.. when does a packet become a parcel ?
As soon as it doesn't become a large letter...that's according to r/m:-)
We will see what happens.. but for now answer me this because I don't know.. when does a packet become a parcel ?
"…it will be being discussed :-)"....
Yes, I'm sure that it will, but not with the likes of you and me, so you can keyboard rant all you want, it won't have any effect on the outcome.
In the meantime, please continue to add more stock to bring your average down (heaven knows the CWU are doing their best to help you here), after all, it's a win-win for the investors?....lol
Oligarch the BOD may have some of these already in hand. We seem to have the usual wide range of opinuons here from administartion to know change because of the USO. It is likely to eventually fall somewhere in between. The biggest driver of course is volumes of traffic. If parcel grow by 10% next year and letters drop by 10% you can easily see where the change of staffing mix could come.
It was good to hear that the business can see how to fund payrises if changes are achieved. As always the struggle is to actually deliver these on the ground and no amount of mangement control can enforce that the employees need to make these work.
The better news is the employees may actually find outnext what their union are asking for and put real numbers to their proposals. I find it strange that no one truly knows what has been asked for.
Yes we know about the changes but even those are not fully clear or dare I say understood. Some are suggesting it may be 10% with no changes, what could the business now be proposing 5% plus 2.5% for changes? We should find out next week at long last.
Well, I'm glad that you guys have sorted it all out then. Have you emailed your proposals to the BoD?....lol
Typical answer from the union…lol all you want…it will be being discussed :-)
Well, I'm glad that you guys have sorted it all out then. Have you emailed your proposals to the BoD?....lol
How could RMG have job losses when they're struggling to cope with workload at the moment?
1. Srrip all / or all large parcels out of the network and give them to Parcel force which would become the UK arm of GLS. Very possibly using white van man as a stop gap.
2. Get the USO reduced from 6 days to 4 days, this would need Parliamentary approval but I'm sure mad Lizzie would be up for it. Delivering less mail to a growing number of addressees becomes more economical if you do it on a reduced number of days.
This is what the CWU are are afraid of, and facilitating at the same time.
At last…if you can see it be assured those that need to can see it…uso if needed would be rushed through…believe me….the government would not want it….all parcels as I have said before stripped…even given to self employed drivers who are under royal mails banner…then what’s left to the postie…who would be given the run around with just letters…and guess what…you don’t need half of them for that…there will be even more being looked at…believe me..:-)
How could RMG have job losses when they're struggling to cope with workload at the moment?
1. Srrip all / or all large parcels out of the network and give them to Parcel force which would become the UK arm of GLS. Very possibly using white van man as a stop gap.
2. Get the USO reduced from 6 days to 4 days, this would need Parliamentary approval but I'm sure mad Lizzie would be up for it. Delivering less mail to a growing number of addressees becomes more economical if you do it on a reduced number of days.
This is what the CWU are are afraid of, and facilitating at the same time.
You must be the thickest investors out. Fancy investing in a company , you know nothing about, or the rules for running it. Still no answer about how you make these redundancies , just 24/7 juvenile waffle.
This get funnier and funnier…so let’s think out of the box…the company’s in a bad way…let’s say admin….the government won’t want it back…the quickest easiest way to get things on track is to change the uso….and iam sure that would be done quicker than a postie can open a letterbox without catching his/her fingers…then guess what….no need for a lot of posties,vans,management…in fact a culling….how’s that…or is that not cricket.
Dynamo even though I don’t agree with all your points I see you have engaged with the forums Punch and Judy presenter ,just filter him my friend not worth the nonsense good luck
Anger you show your more clueless by the day. I'll leave you simpletons to it as you live in cloud cuckoo land.
You must be the thickest investors out. Fancy investing in a company , you know nothing about, or the rules for running it. Still no answer about how you make these redundancies , just 24/7 juvenile waffle.