Member Info for OliGarch

So Jimmy, you have nothing insightful or specific to add regarding the future direction of this stock?
I don't have a crystal ball either but I make my decisions on this share based upon the information to hand from the business, union, my network of colleagues, charts that are kindly posted on here from time to time and from what I can see in the workplaces that I visit whereas you really don't have anything of any value to add.

PP, remember this post....lol
RE: Pay negotiations 31 Oct 2022 21:02
Yes, IsleworthSpy, it reminds me of the days of two deliveries. We were out on the first at 7am, having got to work at 5am, you could get rid of your packets as people were still at home, then a quick break (or do half a walk on overtime) then do the 2nd delivery and be back home for noon. Money for old rope, happy days.

"Once strike action stops and RM rid themselves of the dead weight that's trying to cling onto the old times, the direction is up, up, up"!
Do you have a timeframe for this? How many percent is up up up? Just asking for a friend.....
I'm sitting on my hands for a little while before diving back in as I think that this could go lower, possibly sub 180p early next year especially if the planned fresh ballots for mid January return a yes vote.
Over to you Jimmy.....

Redceo, this forum seems to have turned from being a share chat forum to a union and employee bashing forum. I'm quite happy to defend my position from the likes of Jimmy and company whose opinion is that the employees should take less and be grateful.
By the way, has anyone noticed that an employee failing to perform such a menial job, that can be performed by virtually anyone, could result in so much vitriol?
Does anyone actually have some insightful knowledge regarding the future direction of this stock's future price?
....... tumbleweed..........
I thought not........lol

Jimmy, Jimmy,
You're quite correct that a postie only requires a manual driving licence and an ability to push a letter through a postbox however you are rather (and I believe quite deliberately) missing my point that anyone can change career paths? Do you not think that there are trained and qualified nurses who are now doing different jobs? The police officer who lives next door but one spent eight years as a maternity ward nurse before retraining to become a police officer about ten years ago. My own mother was a trained nurse but quit to start a family and when she went back to work it was as a PA to a company director.
At the end of the day, debating the merits of nursing has precious little to do with postal workers but since you brought it up in the first place....

AngerSharkz, "The terms and conditions being offered are LESS good than they were before".... I'm glad that you have acknowledged this fact and once again this isn't by negotiation either....it would have to be "imposed". Who would agree to worse terms and conditions negotiated voluntarily?
"Do you think that Sunday working and later hours are exclusive to Royal Mail? If you think what’s being suggested here is draconian try working in hospitality"?....I work in an office that runs 24/7. Some of the workforce have weekend contracts meaning that Sunday is part of the normal working week whilst others have scheduled attendances on overtime. As for hospitality, my eldest son is a chef who also works at the weekend, his terms are not fantastic but that's what he signed for. As an aside, my builder won't work on a Saturday or Sunday but that's good because he's a noisy bugger and I wouldn't want him annoying the neighbours seven days a week...

JB "I hope DW/CWU do have some useful ideas to help the business/customers/employees"
Why? I am a union member and I agree with Jimmy that it's not for the CWU to come up with ideas. That should be left solely to those who get paid the big bucks?

Jimmy, "@OliGarch - You use far too strong terminology. The employer is not imposing whatever they want without negotiation."
How would you know unless you are either an employee or know an employee who is happy to talk?
As you have already stated that you are not an employee of the RM UK operation, I wouldn't expect you to know that in July 2022 the RMG BoD imposed, yes that's correct imposed, a 2% pay increase on it workforce. There was no consultation with either their employees or those who negotiate on behalf of the employees.
I'm sure that everything else that they initially wanted will eventually be brought in by executive action which, if that happens will be classed as "imposed without negotiation"?
It's fairly obvious that you are someone who isn't used to being challenged on the facts so I wouldn't expect you to agree.
Incidentally, the fact that it takes nurses 3/4/5 years to qualify is irrelevant to the fact as they can change careers if they wish or are unhappy with their terms. It's their life choice.
The mail centre that is my home office has a variety of differently qualified staff. Some are multi-lingual (a couple of them work part time for the CPS as translators), one of them was a fully qualified aircraft technician (for about 15 years) who joined during the pandemic as his airline has gone into administration, several have PhDs however they all choose to work for Royal Mail.
Even I have externally gained qualifications in order to carry out my role within the business so please don't tar us all with the same brush.

Jimmy, AngerSharkz, casperdog et al....
I think that we are going to have to agree to disagree with this one as our views are poles apart here.
Perhaps your arguments are correct and the employer should just impose whatever they feel appropriate without negotiation? Perhaps the workforce should go back to queuing up at the factory gates waiting to be selected for a days labour because that's where we have come from and by the looks of it that's where you would like it to return to.
Incidentally, nurses don't have to be nurses or indeed be NHS nurses as there's always the private sector and train drivers don't have to be train drivers if they are not happy with their terms and pay. Everyone has a choice to change their career path.

Jimmy, I'm looking at this from your point of view now and please correct me where I have misunderstood.
What you are saying is that;
"One of the key points here is who is to blame. I have absolutely no doubt it is the CWU/RM Staff"......it takes two to start an argument?
"Paying shareholders, they're the owners of the company".....once again correct
"Employees to dictate (even if the employees have better ideas) how funds should be distributed is simply employees stepping outside their lane".....correct
"If the owners of any company want to invest the profits into doing something then ultimately it is their right to do what they choose as they're the owners"..... absolutely
"but for a courier, I just don't think it's reasonable for strikes to be occurring like this".....why, are we now second class citizens?
"I reiterate, if you're working there and unhappy then move on"......up to the point where Thompson took a profitable UK operation and turned it into a loss making one, most posties were fairly happy.
"Of course try to address matters directly and with management but striking and trying to ruin the business isn't the way to do it.....the CWU attempted to initiate the usual annual round of pay discussions way back in mid February however the BoD ignored this request. We now know this was because they knew that the UK operation was losing money hand over fost but didn't want to admit their financial mismanagement. You can't negotiate with someone that won't engage?
"The worst part of all is that RM likely won't be hurt the most, it will be customers RM serves"...... regrettably collateral damage.

So in summary, because the BoD initially refused to negotiate, the workers should have taken the original offer which was 0% plus a complete detrimental overhaul of their terms and conditions? What a nice man that Mr Thompson is. Surely his £142k bonus isn't enough?

Jimmy, "The board didn't start the industrial action".
Semi correct. If you knew the history then you would know that the BoD manufactured a situation to ensure that the postal grades would take industrial action, thereby being able to break a long-standing agreement on terms and conditions.
Now if you wanted to really upset your workforce you would possibly just sack them but that would potentially cause legal issues, so just tell them that there's no money in the business, despite giving many millions away over the previous twelve months, oh and tell them that you're also going to stop their previously agreed long-standing allowances so therefore a pay cut.
Funnily enough, the workforce were reasonably happy before the CEO decided it was time to upset 100,000+ employees but hey ho, it's the 100,000 and not the one causing the problems.

Ha ha, very funny Jimmy. BTW, mines a pint of heavy....
So, why did you visit this board then? Your first post since September 2018 and not even anything insightful; just a bit of postie and union bashing?
First you are telling us that "You have other couriers priced in the regions of 30% less for business contracts" and then later on you drop "As for being unhappy with the service from Royal Mail, generally we're not. This is purely from strikes but as we discussed earlier, no other courier competes with large letter size mail so point me in the direction of who can take on our custom for the same rates or less and I'll be happy to take your advice? I guess I'll be waiting a long time for a legitimate response to that."
So which one is it? Are Royal Mail cheaper or more expensive?

Ha ha...
Should have read "not a manager".....
A Freudian slip or just a spell checker typo?....lol

Jimmy, I am not fully convinced that you are not a manager and that you have absolutely no idea how or why the conflict has got to this stage. I also truly believe that you have no idea how the UK operation is run. I do hope that you are not invested in IDS and if you are then I hope that you are not too far under water?

Article in the Torygraph. You're gotta love some of the comments. Not sure when Amazon started delivering letters on behalf of Royal Mail though?

https://www.telegraph.co.uk/news/2022/12/11/private-delivery-firms-struggle-huge-demand-royal-mail-workers/

Jimmy, "f you don't like your job so much, why don't you just put your big boy pants on and go get a new job?"
And thereby lies the problem with such a blasé comment.
The overwhelming majority of Royal Mail workers are passionate about and love their jobs and their customers which is why we have such a large long service community. If you go back to the start of this disagreement you will find that it was a deliberate act of financial mismanagement and a carefully constructed script by the BoD that has been in the making since late 2019 that started this.
So we now have around 100,000 out of 115,000 workers on strike but if they were all to take your advice and "put their big boy pants on and get a new job" then the business would be in just as much difficulty.
The original pay offer from Thompson was nothing. If you believe Thompson's latest propaganda it is now up to 9% over eighteen months (although it really isn't) so clearly the union and strike action have achieved something?
I would say to customers that are unhappy with the service provided by Royal Mail "put your big boy pants on and go get a new courier"?

Plenty of posts around the workforce and strike action but not many posts on the SP itself?
Personally I'm a little disappointed that it hasn't dipped below 200p. Perhaps the market is certain that all of the uncertainty is now factored in and things can't get any worse?

AngerSharkz, "Why would the British public want to destroy its rail network or a 500 year old postal service because of the psychopathic, parasitic entities that are currently leeched on to the side of them holding them to ransom demanding cash they don’t have?
Surely it would be better to remove the parasite"?
As you have probably realised, I have posted some comments this afternoon in order to get a reaction. What I was hoping for was for someone to provide an answer as to how exactly the parasite could be removed without killing the host? That question equally applies to rail and post.

Jimmy, for someone who doesn't work for Royal Mail, you seem to know a fair amount about the business?
"As to public support, your pay is already decent. If you compare it to other roles within the same industry you could arguably say it's higher than average and potentially even overpaid".
I presume that you have seen our rates of pay on PSP then?
"All I can say is I've never known them to have recruitment issues locally and have no reason to suspect otherwise".
Presumably you have spoken to RM staff at your local delivery office then?

Carrington, "businesses are run to make money period - they are not run for freeloaders to make a quick buck from the general public's misery - postal and rail workers will find this out in due course just wait and see."
With regards to the railways, don't the rail operators command huge subsidies from the taxpayer in order to make money. Perhaps the freeloaders are the ones who run the rail network quangos?
Anyway, most people complain about the cost of rail travel so is it such a big loss? Other forms of public transport are available.
Perhaps if the general public got together and boycotted both Royal Mail and the rail network for say around a year then it would learn them a lesson and crush those militant commies.....lol