Member Info for Time2Kill

Where are the 10,000 redundancies going to be made unless the business starts to turn away busines, or replace staff with more expensive agency workers. It's similar to the £1m a day loss/£25m per strike day, the figures just seem to be plucked out of the air by ST.

Problem for ST is that the company is so badly run most staff would happily take redundancy anyway. It's like threatening a child that he won't be allowed to do his homework if he misbehaves!!

I was under the impression motor insurers now had to offer the same prices to renewing customers as they did new customers?

ST has previously suggested he wouldn't be posting anything further on Workplace until Friday, he also sent a cryptic diary entry with the 21 Oct ringed which he then promptly deleted. ST's behaviour is a bit odd for the CEO of a such a large company, he seems to think he's another Elon Musk, it's hard to believe the BoD still support what he's doing.

It RM's courier service, it even as it's own website, it's a bit odd it's a service nobody seems to have heard of before

https://www.royalmailsameday.com/

It's not cheap as a one way deliver from Birmingham to Bristol is over £150 for the smallest van!

I can't imagine many of the posties I work with have any intention of buying shares, most seem to be worrying about paying their mortgages/loan payments not dabbling with shares.

A car crash suits neither side, sooner or later it will end up at ACAS and hopefully they can get both sides to see some sense.

AS do you seriously believe no redundancies would have been made if the CWU had just accepted the 5.5% offer and changes to the T&C's? If that's the case is ST really fit to run a company which would be carry 10,000 excess workers, which is around £250m/£300m in wages being wasted p.a.? Assuming they are now really all surplus jobs they would have gone regardless of any strike action.

The issue is if you earn't a one off bonus last year would you spend it all in one go on a holiday or a new car rathrt keep some back to pay the bills this year. It's hard to understand how the BoD signed off such a spending spree, £400m divi, 100's of new electric vans along with the cost to install chargers, a revamp of the uniform and £m's on parcel hubs even though parcel number increases seems to be flat lining.

If IDS are worried about increasing losses they need to make a reasonable offer during next week's talks, as far as compulsory redundancies little prospects of those being required when VR will be massively oversubscribed, as it was for the managers recently.

If the union reps are first to then they'll be laughing all the way to the bank as they've most got decent years service behind them and will probably walk into another job.

You're assuming it's the same posties off sick each year, next year it could be an entirely different set of posties off sick.

Given most redundancies will be VR what's the betting anybody on a nice little earner at RM will be last in the queue for VR? The leavers will be the experienced ones nearing retirement and the hard workers who know they can earn similar or better elsewhere.

But I won't be losing my job as there are already 4 unfilled vacancies in my DO, we've just carried out a review and I think possibly one role maybe surplus, if we do have 3, or 3, roles which become redundant nobody will actually leave the business.

Regardless I don't have sufficient years service to warrant seeking VR so I have no worries about losing my job. If I did then I doubt it would take me long to find similar employment locally paying a similar wage.

Which begs the question why isn't GLS suffering a downfall in parcel deliveries like RM is apparently suffering in the UK?

AS he's got a point whilst I expect a number of job losses will be announced in my local DO's I don't expect any postie will actually get VR, plus attrition is running at 10%+, the big Mail Centres may suffer job losses but the CWU always suggested that would be the case once the automated Parcel Hubs came online.

How long can Williams and Thompson stay in their roles?

Royal Mail down almost 15pc

The Royal Mail has continued to tumble in early trading following news of deep job cuts next year. It is down almost 15pc so far today, giving it a market value of £1.7bn. Shares are trading at around 179p.

They've indicated they won't honour one of the previous redundancy agreements!

The job was already lost to many anyway once the proposed T&C changes were announced. The reaction by most on Workplace is when can they apply for VR.

The big concern is what company will be left once the redundancies have been made.

AS do you really believe a few days strike action has led to upto 10,000 job redundancies now being required?

This was clearly the plan from before they announced the 2% pay rise. Given most posties suggest that their DO's are already in a mess it'll be interesting to see what state the company is left in when the jobs cull is complete.

I doubt upto 10,000 redundancies are down to a few days strike action, it seems the BoD are intent in running Royal Mail into the ground, sad days for a 500 year old company.