duffer
Well-Known Member
There’s two sides to every story though
I understand that workers were offered 5.5%. I also understand that the business is currently losing £1m per day. I think they also have a £50bn pension deficit (I hope that figure is wrong but don’t think it is from a quick Google)
So, if it continues that way, let’s say all workers get paid what they want and the company goes bust, you are out of work and then end up getting less pay and less security working for Hermes etc ?! Government picks up some of the pension but you get less and tax payer picks up some of the tab
Businesses and/or services need to ultimately be viable. I’ve already said if they’re making massive profits and/or bosses at getting ever increasing salaries whilst suppressing employee wages, that’s just wrong but people need to understand that some businesses might not be able to afford inflationary increases
If you can show me a business that would genuinely go bust because of workers demands that have been ignored for so long that they've reverted to strike action, then please do so.
Unions aren't stupid these days
Strange that Royal Mail are losing a million a day when the workers want more, but declaring £758m profit last year, and not too bad in previous years either.
If they're genuinely on the verge of going broke then why have they been and are still paying dividends to their shareholders.
How can they afford to pay their CEO over £600,000 a year, and stick on a £140,000 bonus?
This would seem to meet your criteria for unfairness that merits action, and yet you're still against it?
Royal Mail: operating profit 2021-2022 | Statista
The operating profit of the Royal Mail Group did not follow a stable path, and it mainly experienced dramatic ups and downs from the financial year 2013 to 2022.
Dividend information
Dividends are normally paid twice a year to shareholders and are a distribution of a portion of the Company's profits.
Royal Mail boss handed £140,000 bonus despite company's delivery flaws
Royal Mail's chief executive officer Simon Thompson got an overall annual pay and perks package worth £753,000. The deal included a 'short-term' bonus of £142,000