Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Anger, I think management and CWU are both committed to a strike, which could go on, a day a week here and there, for a good while, with posties making up some of their lost wages with overtime. CWU votes have been overwhelming, showing a real depth of commitment, and Management see this as an existential moment for the business. I don't see any common ground between them. I think ST will be inflexible on the changes to work practices deemed necessary, but may have some latitude on the wage increase. Deja vu, it's all going a bit Rico Back, whilst on the continent GLS continue to sail serenely on making money so quietly you'd hardly know they were there..... I wonder when we will be hearing from them...
@ Phunt.
That is a pathetic turn out.
I would hope that the 28% know exactly what they are, in effect, voting for.
As opposed to just not being bothered. The first ones to moan!
@ mike1974.
Why can't letters, unmeasured items, SD's and early tracked items go on delivery early in the morning, and all the items that miss that morning delivery go out in the afternoon. Using the same vehicles from the early morning delivery. Delivery spans would obviously increase, but the working day wouldn't.
I have seen how many LAT items flow through to my parent MC. Not many at the moment.
Blackrock reduce.
https://shorttracker.co.uk/
Ispy thanks no you've not missed anything re meeting I thought with time running out before IA it would have been deemed more urgent.
Turkeys voting for Christmas.
These idiots don't seem capable of grasping the basic concept that without later start and finish times RMG simply cant compete in the parcels market to any kind of meaningful and competitive degree due to the way the LAT parcels pipeline operates... and they will be left with having no job at all .
@ JBT.
If what i was told is right, it's the long haul. It would have to be a quite spectacular agreement to have these vans, either laying around or using up juice, when they would not be needed. RMG are paying casuals when they are not needed, so anything is possible, i suppose.
I haven't seen any date agreed for the meeting. So, i would assume that a date would have to be mutually agreed. Not necessarily a big issue, if nobody has actually called it off. It's just been suspended until next week.
Or have i missed something?
Ispy it does look like its preperation for the long haul or maybe they just got a great deal to have them for Autumn and Christmas pressure. Any news on the non meeting. I am sure most would agree its very disappointing they cant get into the same room and at least communicate.
News reaches me that the hire vehicles brought in for the agency casuals to cover IA, are on a 6 month lease.
This is from a mail centre manager, not a COM.
""IF"" this is correct then surely that shows everyone what Thompson expects, going forward.
Unless of course this is standard practice.
Similar numbers to 1st ballot. No specific mention of the proposed meeting which I was surprised at, only comment I picked up was that they had to get CEO in the room. So on we go.
Ballot Result. Turnout 72.2 yes 98.7
JB. Of course the preference is two opposing sides both trying to get a good outcome. Not two sides intending to crush the other. I feel the more satisfying outcome is for both to feel they fit something they wanted.
However if prior to the meeting I heard my opposite number mouthing off. I would tend to approach the meeting as an adversary. That unfortunately is I feel the current status. Of course it will all come out in the wash.
From an investors perspective its an opportunity. I prefer an easy life but if I have to get stuck in at least it gets the adrenalin pumping.
Best wishes for a good outcome.
Redceo totally agree time will tell if he is going to achieve what he hopes and I would say we will know in next 6 - 8 weeks whether his tenure is likely to continue or not. I expect we may get an update on the CWU session at 4pm about the on/off meeting as well as the ballot result.
JB "It seems inevitable to me now that ST will play this his way"
The position he was given carries a lot of responsibility. He earns the big bucks and makes the big decisions because the tail must never wag the dog. Have they employed the right man, time will tell. For sure he stands or falls on those decisions.
He has stood firm in my opinion, let's see this through to the bitter end. Will it be what the CWU members envisioned at the outset. Somehow I doubt it "turkeys voting for Christmas" ?
Just looked at CWU facebook page. News of no negotiations this week was released an hour ago, which corresponds with the brief leap in the SP. Confirms that some buyers see this as good news, and a taste of what markets reaction will be if GLS is separated from RM.
AS
"it’s just a loads of childish ‘he says’ ‘she says’ nonsense. Does it remind you of parliament in anyway lol? And people say it’s nothing like politics…..it’s exactly what it is."
Not wishing to rehash but nobody said it was nothing like politics . In fact I think it's common knowledge that unions are considered to be Labour and fat cats the Conservatives. What we said was that being a union member is not the same as voting for a political party. That's all.
simx I think your point re GLS is a logical conclusion to make. Ive read a bit more on the CWUFB page and they have a copy of a flowchart outlining the business plans for IA cover etc. Of course they will have contingency arrangements in place.
It seems inevitable to me now that ST will play this his way.
It is pathetic that they are not meeting this week for whatever reason. I can only assume that it suits someone to delay. Not sure who. As you say Redceo difficult to know who to believe and ASharkz absolutely correct it does come across and childish and unfortunately gamesmanship which is dreadul as this is peoples lives/futures/financials that are at stake.
Both sides need to get it sorted whats wrong with meeting at 7pm tonight 0600am tomorrow.
SP has fallen back quicker than it climbed. Odd. JB, when was the news released regarding CEO's refusal of talks? Could be that some may see a refusal by CEO to engage in talks as a sign that GLS separation is moving forward?
Is getting that you don't know who to believe :-)
Plenty of blue though :-
10:49:02 276.00 43,939 Buy* 121.27k
simx not good news, its on the CWU FB page that the CEO has turned down the meeting this week saying they will try next week, Also a copy of a message from ST saying it couldnt go ahead this week as Dave Ward couldnt make it, which the CWU deny.
*Any , not Ant!
SP spiked 5p in last 10 minutes. Any news re negotiations?
We can but hope JB.
I wonder who Moonpig use for their International card service. Pretty quick service whichever it is both EU and U.S A.