CWU protest outside the London Stock Exchange

By Chris Dawson October 11, 2013 - 9:56 am

CWU Protest outside London Stock Exchange Great Mail RobberyThe CWU got their final hurrah in today when a massive crowd of 20 turned up to protest from 7am to 9am outside the London Stock Exchange. Two of them were even dressed in the standard bank robber gear of black and white striped shirts.

Obviously hardly anyone turned up, it’s not that posties aren’t used to getting up early but that they’re all hard at work as the results of their strike ballot won’t be known until next week.

Billed as “The Great Mail Robbery” they did however manage to get prime time on almost every news channel this morning, but it’s a bit of a nine minute wonder and now Royal Mail is all but sold (it’ll become final on Tuesday), there’s not a lot left to protest at.

It remains to be seen if the £2200 worth of shares for each postie (which they can’t cash in yet – they can’t be sold for the next five years) is enough to keep them off the picket lines. We’ll know next week whether the strikes are coming or if by some miracle Vince Cable manages to dodge that particular bullet.

Mr Cable is correct in one thing though, he’s said “What matters is where the price eventually settles in three or six months’ time” and that today’s share price hike to over £4.50 doesn’t really matter. By the time we know if the country got value for money or if we sold of the family heirloom for a pittance he’ll be looking forward to his pension and everyone else will have lost interest.

  • 4 years ago

    ‘We take the shares, then we vote for strike. Billy Hayes of CWU is impressively shameless on @BBCr4today. ‘No one refuses free money’

    I think we have the answer.

    • 4 years ago

      368 employees out of 150,000 turned down the free shares.

      I guess “Almost no one refuses free money” would be accurate 🙂

    • northumbrian
      4 years ago

      367 of those are probably dead or missing

    • 4 years ago

      It is possible that the 368 have refused the Free Shares on idiological reasons. However there is another reason.

      In any large company and 150,000 employees makes it a very large company. There is the potential for dummy employees. Employees that do not exist but are still paid because somebody within the organisation is putting in time-sheets or whatever that keeps the system paying them.

      However it may very well be that to claim free shares in the organisation requires a bit more proof than just a forged timesheet. So if I was within the Royal Mail in the position of Internal Auditor(The usual Job Description I had when I was in Industry)I would be checking to see if the 368 employees who had refused the Free Shares were actual employees or dummy employees-a part of some Wages Scam.

    • northumbrian
      4 years ago

      or 149.632 dummy employees and 368 real ones lol

    • 4 years ago

      I have a lot of respect for the RM employees that I come in contact with. But in any very large organisation, especially one with probably hundreds of branches across the country, there are the odd corners where it is possible that Dummy Employees can be hidden. After all over the years they have been found in much smaller organisations. All that is needed is a few lax systems and somebody who knows how to play the system.

      It always used to be said that you could identify the bloke on the fiddle because they never took a holiday. Why? Well the bloke who covered for them while they were on holiday might notice something.

      So the Internal Auditor would have a good look at somebody who never took a holiday and was never ever off sick. Everybody should take a holiday sometime. Maybe not their full entitlement, and everybody is too sick or infectious sometime to go into work. So if somebody never ever has a day off and gets in to work even if they are at deaths door and highly infectious then they are almost certain to be on the fiddle.

      To a certain extent that general rule still applies.

    • Jimbo
      4 years ago

      You just make things up don’t you.

  • northumbrian
    4 years ago

    if he sold of the family heirloom,
    this terminology says it all

    I dont want or need heirlooms, I need a cutting edge state of the art reliable mail service .with a service that we can use to compete with other sellers across the world,
    one that does not give me steam powered tracking, I dont care if Arther scargil or maggie thatcher come back and form a partnership to run it

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