Member Info for OliGarch

Broch, perhaps the new company could purchase old bread vans and call the new compy "Kingsmail"?
I will get my coat......

JohnNth, yes the UK Government or should I say Business Secretary is a strange beast which recently allowed all but one energy provider to go bust (Bulb Energy) and also managed to keep Northern Rock plc afloat until a takeover bid by Virgin Money could be brokered.
To be honest, £159m for Carillon was chicken feed. Sunak's tax bill is bigger than that.....lol
Perhaps it's not about strategic importance but about where some senior ministers interests are located?.....just saying.....

JohnNth, "I can see CWU going for RM's throat once again."
I share a totally opposing view on this. I believe that it will be the RM BoD who will be going for the CWU jugular if their efficiency savings don't yield the expected financial results as it's always the fault of the workforce when things go wrong?

JohnNth, "IDS may end up losing letter business which they'll be very glad to and govt will end up paying more to any other carrier who can carry letters to all parts of UK".
I think that you mean RM instead of IDS?
Also, any ideas on which courier would be best placed to carry letters to all parts of the UK?
Personally, I think that there would have to be a substantial amount of money put up in order for another courier to take the challenge on should RM lose the USO however it would be quite interesting/funny if OFCOM had the power to legally order one of the current couriers to take the USO over. Great idea though.

AngerSharkz, I believe that you may have misunderstood Broch's comment? In my opinion, he is not voting yes whilst plotting to reignite the dispute. What he is saying is backing up my post from yesterday, which was that the BoD will be looking for more cutbacks in 2024 if their proposals for this year's deal do not yield the expected financial results.
I haven't seen the full transcript of the negotiators proposed deal but if history is anything to go by it almost certainly won't take the UK operation to where it needs to be within the required timeframe and ultimately this will be a failure of senior management.
The good news for shareholders is that the market will be only too relieved to see the words "deal reached" and this should be enough to push the SP upwards................ until winter 2023 when reality kicks in. Anyhoo, hopefully we will all have filled up at the trough and gotten outta town with a tidy profit by then and all ready for the next RM rollercoaster.

Newdealz, I won't be selling yet. If this deal is approved then there's no reason why the SP won't rise steadily until winter.

Nice to see the SP rising on the back of some good news although in my opinion it's a little premature as the offer hasn't even been passed by the postal executive committee.
Hopefully the deal will be a one year deal and nothing longer. The parcels market is highly competitive and one year deals allow for change and flexibility whereas a two year deal has the potential to be trashed by the BoD way before it's expiry date if the finances are looking poor as has happened in the past and we all know where that path leads to......

AngerSharkz, my point was that we all, without exception, want as much as possible for as little cost as possible.
The fact that the vast majority of tat that the UK public were (and still are by the looks of it) buying was just a way to pad out a skinny sentence.

AngerSharkz, I'm not sure what his average is however I suspect that Kretinsky has an entirely different agenda to the rest of us poor people?

RT003, "you will vote Yes to acceptance and get on with it !!
Uber militant melons."
That just about sums up good old blighty.
We all expect, nay demand that our clothes that were made by seven year olds in Asian sweatshops be delivered for free to our doorsteps and then free returns for the stuff that doesn't fit .
Unfortunately, somewhere along the line something has to give.

I haven't seen the whole package on offer but in my opinion it really doesn't matter too much anyway.
My prediction is that, even if it all gets voted through seamlessly, the finances still won't look fantastic in a year or so and then the RM CEO will be back demanding more concessions from the workforce.
The only difference is that the SP might rise in the interim and give those who are currently underwater some potential to get out relatively unscathed and those with currently low averages to get out with a profit.

Apologies AngerSharkz, my previous post was not written very well and has been misunderstood.
My point was that in order to maintain the USO obligation in its current form, simple mathematics dictates that it will take a set number of staff to deliver to 32 million addresses 6 days a week.
Obviously if the regulator changes the parameters of the playing field then simple mathematics would alter the workforce numbers.

As far as administration is concerned then you are correct that those appointed to balance the books would need to do their job however in the interim period the UK Government would need to do something and although you may believe that it wouldn't be high up the Business Secretary's agenda, I have to disagree with you on this as it would potentially involve millions of items of post locked down with no potential delivery date whilst the mess was sorted out. I believe that this happened with City Link however on a much smaller scale.
It's also worth noting that fairly recently a relatively small energy supplier such as Bulb Energy which supplied a mere 1.7 million customers was put into special administration and effectively bailed out on a temporary basis by the UK Government as it was deemed "too big" so a business that supplies 32 million addresses under a legally binding contract would also potentially fall into the same category?

Scamp, I'm fairly sure that both the regulator and the UK Government are fully aware that Royal Mail has been struggling to meet it's USO obligation so it won't come as a major shock?
There may potentially be some more job losses in certain areas however if the regulator and UK Government wish to keep the USO in it's current format and ensure that targets are kept then the logistics will dictate a minimum number of staff.
With regards to Kretinsky, I don't believe that he has any interest in the UK operation and may well be happy to sit at a position of up to 29% so that he can keep the ear of Williams and Thompson in the hope of getting the heads up on GLS.

kitkateat, why does there need to be an investigation? I'm sure that the details will all be available to view in the financial reports and I'm fairly confident that the BoD will blame the workforce for the entire losses whether it is £200m or £500m.
With regards to the agreement, I hope that it will be voted through but it's by no means a certainty as 75% of the voting members are outdoor OPGs and are the ones who will be affected more by later start and finish times. The indoor members already work in a 24/7 environment so probably won't be affected at all by those changes.

hurtsparrow, "later starts and annualised hours only really hurt delivery staff mainly. As with past agreements non delivery staff see the pound notes and it gets voted in".
I'm not sure about the logic of your comment.
Delivery OPGs tally about 90,000 employees whereas indoor OPGs make up around 25,000 employees so if anything the delivery OPGs will have the sway on this vote by at least three to one.

Newdealz, all the time that Royal Mail are committed to collective bargaining with one body, which at this moment in time is the CWU, individual bargaining isn't going to happen so not much point in discussing this any further.

Newdealz, "the staff still have one on one negotiations they can resort to."
Do you know this for certain?
How will the business cope with 114,000 separate pay negotiation requests?
Not all employees will want the same thing so having 114,000 employees negotiating different terms and conditions will cause even more mayhem for our already bizarre HR system.

JB, it's only the OPGs that will lose out. The shareholders will make a killing out of this stock...... apparently?
It shouldn't take too long for Kretinsky to reshape the UK operation and bring it back to profitability?

JB, it was I who said "it's fun to speculate" as I was referring to the variety of different opinions on this forum.
In truth, none of the posters on here really know what's going on behind the scenes....... except for Maximas...... probably......lol
Ducks up the creek wearing lifejackets.....
When Kretinsky says get them oars ready.....you say which orifice boss....and all that....lol

"If a 'rank-and-file' of posties form, does it undermine the CWU and would RM negotiate with them???"
In a nutshell....................NO.