Member Info for OliGarch

AngerSharkz, "would any government clause still stand today"?
I would like to think that our UK Government would comply with an Act of Parliament?
Postal Services Act 2011, Part 4 deals with Special Administration.
https://www.legislation.gov.uk/ukpga/2011/5/part/4

I was under the impression that all delivery walks were risk assessed? Surely any walk that has known hazards would be brought to the attention of both the office manager and safety rep?

Kwarteng has up to thirty days to deliberate on this. One headache will be Kretinsky's links to Russia gas supplies. The other one will be whether to open it up for VESA to potentially spin off GLS and leave the UK with a USO obligated postal service that could potentially end up back in the hands of the UK Government ala Bulb Energy?

Maximus, I think that it's fairly obvious that VESA would only really be interested in the acquisition of GLS. RM UK with it's USO obligation and unionised workforce would probably be more hassle than he would be willing to tolerate so he will probably be putting pressure on the BoD to spin off GLS in his direction?
The Government releasing details of Kretinsky isn't really an issue as it would be known to all within a couple of hours anyway due to the internet.
As for Thompson wanting the CWU to initiate strike action so that he can rescind previous agreements? Almost certainly. I have been posting that Thompson isn't concerned about industrial action for various reasons and this is yet another reason.

Ooh, ooh, pick me....
I know the answer to this one....
Third, if GLS shakes loose, he wants to be in pole position to buy it.
Lol.

Kretinsky himself may come in for a certain amount of personal scrutiny from Kwarteng gven his links to the Russian state gas operator, Gazprom. His EP Infrastructure (EPIF) business owns a 49% holding in Eustream, which operates a system piping Russian gas to central and eastern Europe through Slovakia?
I am certain that there are ways around this however it's not a done deal yet? Given that it was mentioned on this forum earlier that VESA are believed to have purchased as high as 490p and the timeframe for the NSI report completion is around thirty days, I would anticipate this stock to rise.....at least temporarily over the next month?

So, VESA want to increase their holding to or above 25% but now it's gone to VAR, or in our case NSI
Unfortunately, sitting in a locked room away from the action and staring into his monitor is the Secretary of State for Business, Energy and Industrial Strategy, Kwasi Kwarteng (K2 to his friends) who, if his dealings with the energy companies is anything to go by, will probably rubber stamp this tomorrow morning.
Cluster****.... it's a word that universally encompasses both the situation within Royal Mail and also our wonderfully ambivalent UK Government.....

Dowsie, those GLS boys and girls had better get a wiggle on. They need to earn £127m for this half year and probably the same in the second half of the year to keep the shareholders happy. Hopefully they have secured a good deal with Evri....

Ispy, I know where you are coming from with regards to GLS especially when you consider that RM purchased GLS for a specific purpose and put measures in place to ensure its continued growth in the early days. It now looks as though the ungrateful daughter is kicking her mother when she is down?
Having said that, Thompson has made it absolutely clear that the companies finances should remain separate which would leave me to believe that he is committed to a protracted period of industrial action and has no intention of giving in to the CWU. Look at it from his position; what has he got to lose? He has the backing of The Chair and I suspect the entire board. Even if he fails, he will walk away with a golden handshake and walk into another highly paid position, however the rank and file will just continue with business as usual.
I anticipate the SP to increase by three percentage on Friday.

Inflation
Now predicting 18 percent....
Yet whilst the crisis deepens on a daily basis there appears to be no-one on the bridge to steer the ship away from the iceberg.....
By the time Truss walks through the doors of number ten it may be too late to deploy the lifeboats?

AngerSharkz, I'm sure that the CWU would love all of the first three items and a labour government to boot, however I think that it may have been a slow news day?
The pay increase we know about, the shorter working week has been partially implemented and may form part of future pay negotiations and I have no idea where light duties for the over 55 group has come from (personally, I would welcome it...lol)
Ironically, Royal Mail does sponsor a letter writing competition...
https://familyandeducation.co.uk/case_study/royal-mail-young-letter-writers-competition/

AngerSharkz, "food and fuel prices are going to reduce within the next 12 months. The BoE are trying to get a handle on inflation by raising interest rates, they have a target to get inflation back down to within 2% and they think it will happen in early 2024".
You have more faith in the current UK Government than I do. In my opinion some of the things that Truss and Bailey need to get a grip of are beyond their control anyway so I think that early 2024 is very optimistic.

https://youtu.be/0AZtk3z5aYM

AngerSharkz, "I’ll probably sound like a broken record on this point but don’t forget that any dividend will be subsidised by GLS going forward……as Royal Mail are skint".
On the subject of GLS, I wonder if it is costing more or less to use Evri instead of Parcelforce? It wouldn't surprise me to learn that it was cheaper?

Scampthedog, I don't think that RM are planning to use many agency staff? The last document that was floated around stated.....
"Circa 2500 routes required from 379 Parcel hubs to provide delivery of circa 20-40% T24/SD - this includes T24 from our WIP customers RMSS will operate as normal but only from open DOs.
All non ops managers to be deployed to the 379 hubs to support delivery Closed 00 managers to report to local parcel hub with vehicle.
Contract drivers used to focus on key units (option)".
With a side note of...
"Staffing profile made up of 2000 non-ops managers & 2000 delivery managers on day of strike. (Note: no agency reliance in baseline plan on day of strike despite legislative change resource will be additive to achieving baseline. 4500 agency in delivery in recovery plan)".

AngerSharkz, "I’m not sure it would be the smartest move to use cash the company has on tap to fund the companies people costs in the short term"?
Indeed, that would not seem to be the smartest move, however what is a cash strapped CEO to do? With RM UK apparently losing £1m a day (and it's only going to get worse with every day that there's no agreement) plus £126m to find next month in order to service the dividend payment, Thompson is going to run out of options?
Still, at least four days of strike action will give the business 1.1% back in unpaid staff costs? Perhaps the posties should have one day a week as strike action in order to help the business out?

honkeydonkey, the difference is that barristers don't have shareholders? You will only be called a workshy, stuck-in-the-70s, militant if your company has shareholders and their investment looks as though it's going down the tubes? Otherwise you are a hard working upright citizen who is doing their best to make a living.....lol

From Manpower Agency.
Manpower UK Limited
Capital Court
Windsor Street
Uxbridge
Strictly Private & Confidential
August 19th, 2022
Clarification for working on assignments during periods of industrial action

As you may be aware, it is anticipated that there may be industrial action at Royal Mail Group on the following dates:

• Friday 26th August
• Wednesday 31st August
• Thursday 8th September
• Friday 9th September

I wanted to take the opportunity to clarify ManpowerGroup’s position for our employees on assignment.
You may have seen in the media that the Conduct of Employment Agencies and Employment Business Regulations 2003 have been amended. From 21 July 2022 the effect of this statutory amendment is that employment agencies and business can lawfully supply skilled staff to replace striking workers. Previously this was unlawful.

ManpowerGroup always works in the best interests of our employees and clients. We have considered this matter very carefully including, amongst other things, disruption to public services, our commercial obligations and, importantly, the safety and wellbeing of our employees.

To ensure absolute clarity ManpowerGroup will not:

• Provide staff to replace a client employee who is supporting official industrial action
• Provide staff to replace an employee covering the work of a striking colleague.
• Force, coerce or induce any ManpowerGroup employee to cross an official picket line.

unite union- advice to Royal Mail members.....
https://www.unitetheunion.org/campaigns/royal-mail-save-our-service/advice-to-royal-mail-members/
Interesting read?

Dowsie, I would imagine that your Regional Operations Director has requested that his area managers cut back on overtime in order to reduce costs. Our ROD was trying to get OPGs on overtime to redecorate our office and carry out minor repairs to the building in order to reduce costs as he thought that our in house Facilities Management team were too expensive. Bizarre to say in the least not to mention violating some basic H&S legislation. We have also had recent safety audit recommendations (under a grand) turned down by our ROD due to cost, still the resultant compensation costs will be paid out of someone else's budget so there's a saving?