The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Definitely a step forward JB. The fact that the board are admitting they have made massive mistakes is also a good step forwards. As managers and posties have no confidence in Thompson or Thicky , the quicker they are gone the better. The negotiations that have gone on so quickly without them pair being involved clearly shows what the problem was.
The big question is who forced Thompson to admit they had made some major mistakes.
3 conference calls this morning. 1st one had a regional director saying business as usual , continue with revisions. When challenged by numerous managers,about the briefing they had just given to staff that said the opposite, and that the union had also talked about the same statement , the director went offline.
The conference call was reconvened later, with the same director saying the opposite of what they had said before and that they must work with the union. A manager then said that he had a disciplinary case to do today and that he knew that if it went to an industrial tribunal Royal Mail would lose, so was he to proceed with it. The director wouldn't answer and took it off line, leaving all the managers in the dark.
The best was the 3rd conference call with,Simple Simon and Thicky Ricky.
Simple Simon thanked his managers and said at no point had he said the words Rogue Manager, resulting in managers ringing each other saying, this chump wouldn't know the truth if it bit him on the ****. Thicky Ricky did his usual waffling at which point most managers left the conference call running whilst getting on with duties in the office.
The one good thing that came out of it was Simple Simon admitted that he and those around him had made a number of big mistakes and were now taking a different course. Hopefully they will stick to it.
Brilliant JB . Those machines are delivering and collecting mail ,as are the sales staff. Its quite simple, if you can't deliver the mail you already have, then how are you going to grow a business. Are the magic elves doing it. 39 out of 41 offices failed in our area yesterday. 4 of them have had revisions reversed, 15 have had revisions implemented. They are doing a great job at the top.
I told you months ago that those doing the revisions openly admitted that offices at best,would be clear 1 day a week and that those at the top didn't care if the USO was failed. They also said that Thicky Ricky was not prepared to listen to any excuses.
Like I said before . You can only put more work on someone if they are finishing early. Most of those that turned up early and gave free labour are now turning up on their time. So that is costing the company even more. Now paying anyone overtime that will do it. Thing is . Most no longer want it.
What is the recipe for growth. There isn't one. It's all about asset stripping. How can you grow a business when you have no staff to deliver extra business. No drop off points , for the extra business to be brought in, and no collection drivers to collect the business we have, let alone new business. Comical.
The changes going through don't impact anybody apart from those that run around or turn up early and work for free. Those that were already working up to their time, aren't taking anymore mail , the mail just sits in the offices failing the USO and the evidence is sent to the union, ofcom and the mp's.
JB if Royal Mail is bigger than my office , meaning I know very little , then are you saying that someone that no longer works for Royal Mail knows nothing? Agency workers in the CWU are near enough non existent . Why would any company employ an agency worker that refused to cross a picket line when they can employ one that will?
JB. VR , hasn't happened yet. Don't know of a single agency worker that was in the union., if they were ,Royal Mail would have stopped using them the moment they didn't cross the picket line. Most will be staff that have left, retired , and a few that have quit the union .
Anger its not been pushed aside due to the workers going on strike, its those same workers that bent over backwards delivering these prescriptions through covid lockdowns just as they are doing now. How do I know , I deal with them in our office , just like I have done for the last 3 years. The only difference is that Royal Mail are pushing it more now, hence why many of the general public think its a new thing.
Hounddog, surely you aren't being serious about Thick Rick. He couldn't even give an answer about sick notes. So a man that gives quick answers of yes and no is a good leader?
Thick Rick was on a conference call with 500 managers , on what was supposed to be a questions and answers session after a long winded rant about how he expected changes to be implemented. After about 4 questions regarding how his suggestions wouldn't work in certain offices due to different reasons, he spat his dummy out, ended the conference call with" you will do what I tell you and if you don't like it leave"
Net result is all managers think he is a clueless clown , that thinks threats will worry them, they literally ignore everything thing he says. Don't think he will last the year. Bullies and **** creepers are quickly promoted at Royal Mail, he is both. But as always happens with them , they soon become the scapegoat.
Sid not the brightest spark by the sounds of things.
Anyway on to today's conference call. All managers were warned, not to put any paperwork up regarding tracks taking preference ,and were told that if any of them ,forwarded any information, regarding preferential treatment for parcels , to the parliamentary select Committee or Ofcom there would be serious consequences. Looks like those at the top will never learn. To say the managers aren't happy is an understatement. Maybe they shouldn't have taken the 30 pieces of silver on offer.
Neither were in attendance yesterday. But they passed on evidence from constituents and posties, that had written to them ,to the chair of the committee, which is standard practice when not attending.Both have openly appealed for evidence that contradicts the 1st meeting on their webpages. The Notts Mp , which I think is Ruth Edwards was the most vocal of all Mps at the 1st meeting.
Nhs letters weren't prioritised for delivery, only through the network, thicky macualy even admitted that, before then telling porkies that they were delivered the following day. They were prepped the following day but not taken out until the next time that house got a delivery, which in my area was up to 2 weeks.
So no Conservative Mps then JB or is it actually 6 out of 11 making it the majority. Are you saying Jane Hunt and Ruth Edwards both Conservative ,and 2 of the biggest critics of the the Royal Mail board ,are CWU mouth pieces as well ,or are you just glossing over the facts.