Hello again, StYd.10 Jul 2019 14:59
In my opinion, StYd, and, again, this is just my opinion, the Royal Mail, when discussing its financial prospects, is so, so much more than just mere basic fundamentals. You really cannot, unless you have worked in a typical Royal Mail depot (whether that be a mail centre or distribution centre) truly understand the (almost unique I would have thought) restraints and impositions placed upon the managers (read that as "business") due to the agreed work protocols that are incumbent upon the Royal Mail. For instance: managers cannot tell people to do something, they must ask politely...and use the word "please". This is all to do with dignity and respect (further championed in the recent 4 pillars campaign); the CWU are not happy with the latest developments, they feel the established agreed atmosphere, of what they regard as common decency and congeniality, has started to go backwards in recent months and are therefore seeking urgent talks with Rico Back himself to resolve what they claim is a lot of very negative feedback coming off the floor back to them through the respective local union reps. In other words: they do not see the imperative need for the prevailing atmosphere of mutual back slapping and "carrying-on-regardless", despite the company's recent massive downturn, to have to be modified in any way...just as the ailing infrastructure also has to be massively modified. A large proportion of the workforce (and most obviously the union itself) just seems incapable of understanding or accepting the absolute necessity of change regarding their own individual work ethic and mindset. And therein lies all the frightful potential for confrontation. And if any of you doubt me just print these words into your search engine: "CWU: emergency moition E2". It will take you straight to the very gist of it. I would encourage all investors to read it carefully through...you might, then, and only then, truly understand what you are all investing into.