Member Info for OliGarch

POD, as you say, Brexit has a big influence on the SP. Unfortunately some of the media such as This is Money are coming up with headlines such as "Christmas fear for Royal Mail: Shares fall as company faces threat of staff strikes during key holiday period" which isn't helpful.

H-hi, your latest post made me laugh. Are you serious or just brainstorming ideas?
Either way none of your ideas are ever going to come true. Next, it'll be "let Amazon buy our RM"...lol

GTx, I would wager that 25 hours overtime on a 35 hour contract is much more than the average but even on £10 per hour would equate to £1000 a year (25 hrs x £10 x 4 times per year). £15 per hour would be £1500 per year.
The majority of my colleagues do around 6 to 8 hours per week so about £250 to £400 per year. Every office has a small percentage of staff who like to hit the docket as well as others who don't want overtime but I would suggest that the average is around 8 hours per week so under a collective agreement you may well get less than you deserve but going forward it should be done on actual hours worked and PSP is no doubt geared to cope with this.
The bottom line is £400 each for 100,000 staff is an eye watering £40m and if it goes back 2 years it's would be around £80m on top of the existing staff budget.
It's interesting to note that BT have been paying A/L O/T from day 1 and don't have an issue with it (and BT are represented by the CWU)!

Probably best if Terry Pullinger sticks to official video releases from now on!
The monologue was a bit of a rant and the disco lights topped off poor quality footage - a bit like Delia Smith's half time rant at Norwich City FC.

https://youtu.be/9W3X6kH2qrQ
Royal Mail holiday pay

Hi IsleworthSpy, if you search for "Royal Mail holiday pay" on YouTube there is a brilliant 4 minute tutorial from Leeds Amal branch.
Essentially, you need to request holiday pay from your line manager detailing your previous 12 weeks of overtime before taking annual leave and asking for the average to be paid when you have a weeks leave. Your line manager will refuse your request so you then need to put on a grievance and log the case with ACAS. It's a bit long winded but at present it's the only way.
Incidentally, if you are a machine operator in a mail centre with a regular SA you get this automatically and they have done for years!

Hi GTX, I have just noticed your earlier post regarding A/L O/T (holiday pay).
We have 2 guys at our office that regularly do overtime and they went down the ACAS route in July. They received "a reasonable sum" for their efforts as it was backdated 2 years based on their claim.

Unfortunately Fruitster, the big picture is a mosaic made of 140,000 smaller pictures.
Every company could be leaner, greener and more efficient but I'm sure that many investors who have never worked for RM and who may view the business with nostalgia and rose tinted glasses would be quite surprised to see the internal workings.
Perhaps we should do what Amazon have done and give guided tours of our operations.......lol

Fruitster, it's a great thought but I have to consider the repercussions of taking the matter higher up the food chain.

Wolves, the branch officials may get paid but the rank and file office reps most definitely do not.
Just needed to make that distinction.

Fruitster, I have spoken to our "Plant Improvement Manager" regarding the amount of unnecessary items sent to landfill when they could have been recycled or repaired but the stock answer is that it is "not my problem".

Wolves, at 14:10 today you posted "did you know every union rep will still be paid out of cwu branch funds when you strike???? no wonder they are encouraging a strike..... FACT"
I can assure you that this is most definitely NOT correct.

I'm not entirely sure of the correct protocol but I would assume that if the CEO or BoD strategy put RM on a losing wicket then the shareholders would call an EGM to take action?
I'm open to correction on this!

PP, we get a dividend payment because we are shareholders, but we have no direct input into the day to day management or the direction of travel of the business.

Who appoints the CEO?

Stodgy88, you have raised some very valid points in your post.
Our office manager to OPG ratio is 1 to 20 which I think is far too low. The majority of the managers have very little training and some managers are only there because no one else wanted the job.
RM also have a huge culture of wastage. Our office has a permanent skip in the yard which is frequently filled with new or nearly new equipment that could be repaired. Some of the equipment is in the skip because of over ordering.
Shocking....

PP, pillar box red is fantastic. You may be eligible for sponsorship from Parcelforce....lol

The Sunday Times have published an article today on the CWU ballot for industrial action which is a bit downbeat and suggests that Rico may have made a mistake?

RoyAlMail, regarding the shorter working week (SWW).
When this was raised by the CWU last year (it's been on their radar for many years now) many of our machine operators asked if they could stick to their existing shift pattern and have an extra 52 hours annual leave instead.

Fruitster, how do they know how their staff voted?