Some interesting conversation tonight19 Oct 2022 00:30
...but we need to look at the bigger picture.
Putting aside the "who will/will not win this dispute" conjecture and under what new terms...let us consider a few pertinent but much overlooked points.
1. Its not Simon Thompson, by his own contrivances and decisions, who is pulling the strings and calling the shots here...it is the Board...and, more importantly...Keith Williams. Williams is the real power behind the throne. Thompson is just the front man.
2. There has still, as of yet, been no RNS announcing Kretinsky has bought more stock. Why?
3. The direction the present Board wants to take the company along (in every aspect) is not something that has been cobbled together over the last several months or so; nor the way the company directors and CEO are reacting at every new turn of events. The way the Board is reacting to every new scenario is something that has been a long time in the making/planning. Every new announcement, to every new move the CWU make, by R.M, are not knee-jerk reactions...they are carefully calculated responses that were thought out some considerable while back.
4. There has been absolutely no interest shown by this Government in trying to help resolve the issuse...or act as some kind of mediator...or even show the slightest bit of concern should it look like the service was going to fail. Why?
Its my best guess that the Secretary of State has already given Kretinsky the nod...with one caveat: the two sides must be given a certain period of time to try and resolve their differences. Whatever that period is...I would not be able to say. But one thing is certain...if he allowed Kretinsky to mop up these shares at these prices...he (the Industry Secretary) would be on a hiding to nothing: he would be accused of allowing blatant profiteering from every possible quarter. Politically speaking this would be absolute dynamite for the opposition.
As for Thompson acting the way he is? Quite simple, he is just doing exactly what has been previously discussed and thought out by the Board 12 - 18 months ago...or considerably longer back than this even. In fact, this is more than likely a plan of action for dealing with the posties and restructuring RMG that goes back to the Rico Back days.
And as for the Government? They couldn't care less. Privately, I should imagine the Government takes the view that this has been long overdue and is something that has been coming for an even longer time...and they are well aware of Kretinsky of course.
Don't expect any sudden change of direction by the Board...its not going to happen...not this time it isn't.
The CWU was fitted up for this right from the very start...this time they have rushed right into a great big bear trap.
Make no mistake about it...those threatened redundancys are no idle threat. This time they really mean it.
Whether the CWU likes it or not...its time to start making concessions. Because at this table...they are playing against a stacked dec