Showing posts with label Royal Mail. Show all posts
Showing posts with label Royal Mail. Show all posts
Tuesday, 1 April 2014
Royal Fail, Royal Mail theft
Something many of us knew before hand anyway the but it is confirmed the Royal Mail was sold off on the cheap by the Tories.
The privatisation of Royal Mail did not achieve the best value for taxpayers because of the government's "deep caution", the spending watchdog says.
The National Audit Office said too much emphasis was put on completing the sale within this Parliament, at the expense of achieving better value for money.
Royal Mail shares are now more than 70% higher than the original sale price of 330p in October 2013.
The privatisation of Royal Mail took place amid huge public interest and the shares rose by 38% to 455p on their first day of trading, representing an increase in value of £750m for the new shareholders.
The NAO report concluded that the Department for Business, Innovation and Skills was too cautious when setting the sale price of 330p per share.
"The department was very keen to achieve its objective of selling Royal Mail, and was successful in getting the company listed on the FTSE 100," said Amyas Morse, head of the NAO.
L
Achieving the highest price possible at any cost and whatever the risk was never the aim of the sale”
End Quote Vince Cable Business Secretary
"Its approach, however, was marked by deep caution, the price of which was borne by the taxpayer."
A planned postal workers' strike, which was eventually cancelled after the privatisation, also affected the government's sale price.
Demand for Royal Mail shares was 24 times the maximum number available to investors, the NAO said, but the banks overseeing the sale advised there was not sufficient demand to justify a significantly higher figure.
George Godber, a fund manager at Milton Group, told Radio 4 that he was "astounded" by the low price.
"I thought it was significantly underpriced. In stock market terms, this was the London 2012 Olympic ticket moment, lots of people applied but very few got to go to the opening ceremony."
Managers from two of these advising banks - Goldman Sachs and UBS - said market uncertainty and the complexity of the deal led them to a conservative price when they were questioned by MPs in November last year.
As we seen last week the Royal Mail is already cost cutting looking to slash its workforce by 1600 predictably the CWU union makes a lot of noise but will anything be done about this? I doubt it much like the proposed strike back over privatisation which was more hot air from the likes of Billy Hayes and Dave Ward who would rather wait for a labour government.
Labour have predictably come out saying the tax payer has been sold a short one and that Royal Mail was under sold but this miss's the glaring point that it shouldn’t have been sold off in the first place.
Instead of ranting about how cheaply it was sold off how about making the case for renationalization and returning the organisation to public hands and running it for people’s needs not a few peoples profits.
Tuesday, 8 October 2013
The sad demise of the Royal Mail
So next week those who have brought shares and you have to have brought 750 pounds worth of them at least ill float on the stock exchange. This sees the end of an era for publically owned mail services. No longer will the Royal Mail be publically owned but owned and accountable only to its shareholders.
The Royal Mail has delivered post and parcels for a long time now and as with a lot of things people wont realize what they had until it is gone much like the NHS which is to be privatized soon too with devastating effects.
This is a disgrace and should never have been allowed to happen but it has.
The last labour government tried before with peter Mandelson facing opposition yet this time it seems like it’s gone though straight away with nothing but a peep out of the unions.
As for the Trade Unions whatever happened to those ballots over privatization all gone a bit quiet hasn’t it?
The CWU the communication workers union who is headed up by labour fanatic Billy Hayes have lead numerous sell outs over the years including the one most recently in 2009 where a defeat for the workers was sold as a victory shamefully despite workers being willing to take further action.
The CWU has form when it comes to diffusing members’ anger and selling disputes short. As with all unions, there will inevitably come a point when what counts as a victory for the officials will clash with the interests of the workers, and as long as the bureaucrats maintain control of the dispute they will get their way.
So how can we fight privatisation if the likes of the CWU are n not willing to fightback as I hope won’t be the case of course.
"Privatisation should be fought as it is always pushed as a way to benefit shareholders and private profit over workers and service users. But, as civil servants and public sector workers will be all too aware right now, a boss is a boss is a boss. Our struggles may force nationalisation, and this may be a short or long term benefit depending on the terms, but we don’t need this as a demand for it to be the outcome. “Public” ownership is no automatic panacea and it is no substitute for genuine workers’ self-management.
That being said, how do we fight against privatisation? Strikes and other industrial action by the workers affected are obviously one of the best forms of action, but this doesn’t mean that lacking a unionised workforce – or with a union unwilling to fight – then the sell off is inevitable. Likewise, alongside solidarity on the picket lines, the wider class can utilise direct action as part of the fight.
There are a number of forms this could take.
The "I won't pay" movement in Greece is one example that can be deployed when what’s at stake is a service where fees are being introduced, or significantly hiked, as a result of private sector involvement. This can also galvanise an awful lot of people given how extra costs can impact particularly on those already struggling to make their income meet their outgoings.
Another potential form of direct action is the kind of pickets that the anti-workfare campaign has used to force providers out of the government’s work for benefits schemes. After all, a sell off requires a buyer, and if we can find out who is bidding for the contract then a hit on their profits and customers turning away can potentially persuade them to pull out of the deal.
There are also occupations and economic blockades. As with the threat of a service being shut down altogether, users taking it over in opposition can be a powerful show of defiance and cause the kind of disruption that can make the whole process too much of a headache. Likewise, since the person doing the selling is the government, hitting the economy as a whole by blocking roads (or bridges) can have a similar disruptive impact.
None of these actions are on their own going to stop privatisation. Nor are they all going to be equally useful in every circumstance. But they should be seen as a starting point that we can build on and utilise where possible.
When privatisation is threatened, whether the detrimental effect is purely for the workers facing it or for broader sections of the working class, we should fight it. But all the petitions in the world won’t force the state and the bosses to change their mind. They can safely ignore us too if all we do is March from point A to point B and listen to speeches.
Don’t petition – organise! "
With quotes and extracts from
http://libcom.org/blog/how-do-we-fight-privatisation-20092013
Friday, 19 July 2013
Let’s strike together
There are a growing number of reasons for workers to take strike action in the UK.
Be it in the Royal Mail with the serious threat of privatisation or teachers facing performance related pay or even council staff facing cuts to jobs and pay and let’s not forget the 1% public sector pay freeze too.
There are many reasons why a 24 hour general strike could be right for many. It is time to start to rebuild the coalition of the willing much like in November of 2011 where we had nearly 3 millin workers taking strike action we need to co ordinate ballots again and build for a national day of action in the autumn I feel.
'Cut, cut, cut' go the Con-Dems as they attack pay, welfare, jobs, services and pensions. No wonder the mood for action against the government's austerity agenda is growing.
Teachers in the NUT and NASUWT unions have called a rolling programme of strikes, culminating in a national strike in the autumn. Lecturers in the UCU are consulting about strike action over pay. CWU members are preparing to fight the privatisation of Royal Mail. PCS civil service union members are discussing further action to defend pay, jobs and working conditions. FBU members are balloting over pensions. Unison members in Scottish local authorities are balloting on pay. All workers have a reason to strike - let's do it together. Come to the lobby of the TUC to demand a 24-hour general strike.
The Con-Dem government has announced a stock market floatation of the majority of Royal Mail within nine months, with the rest to follow at a later date. This is the biggest potential privatisation since the dark days of Thatcher. It threatens a national service which has been in public ownership for 479 years. It puts the universal service under threat, almost certainly means higher postage rates, and is a major threat to postal workers' jobs and working conditions.
In its recent consultative ballot CWU members voted by 96% in opposition to privatisation on a 74% turnout. The union must now capture this mood. The CWU has announced that it will have no choice but to proceed with an industrial action ballot if it can't get a watertight agreement on protection of its existing national agreements.
This is a fight which will decide what type of postal service we will have. One to serve the needs of the people or one to serve the needs of greedy investors only looking for a profit. Time for united action now!
The CWU should call for all the unions under attack to build united action. There is no time to waste. A 24-hour general strike would be a serious blow to all the government's cuts and privatisation plans.
Gary Clark, assistant branch secretary, Scotland No.2 branch CWU
Teachers will build on the success of recent strike action in the North West, with 90% of schools closed or partly closed. Further action has been called by the NUT and NASUWT.
In the week commencing 30 September there will be strikes in the Eastern, East Midlands, West Midlands, Yorkshire and Humberside regions and in some of Wales.
In the week commencing 14 October there will be strikes in the North East, London, South East, South West regions and in the rest of Wales.
And there will be a one-day national strike before the end of the autumn term.
"NUT and NASUWT members have every reason to build the strongest possible action to defend our pay, conditions and education. However, we are not the only unions looking to oppose attacks on our livelihoods and our services. Instead of striking separately, wouldn't it be better for unions to strike together and have the biggest possible impact?"
Martin Powell-Davies, member of the NUT executive
Lobby the TUC conference - For a 24-hour general strike!
Bournemouth, 8 September 2013
12.30-3pm, Hardy Suite, Hermitage Hotel, Exeter Road (opposite Bournemouth International Centre)
National Shop Stewards Network (NSSN) rally followed by a lobby of Congress.
Speakers include: RMT general secretary Bob Crow, PCS general secretary Mark Serwotka and POA general secretary Steve Gillan.
Transport details email info@shopstewards.net
For more information and a model resolution on the lobby see: www.shopstewards.net
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UCU
Monday, 24 June 2013
Last call out for the NSSN conference this sat in London; join the fightback against the cuts !
This Saturday following hot on the heels of the so called people’s assembly last Saturday militant anti cuts and trade unionists converge on London again to call for an end of talking and a demand for a start of action.
Whilst we heard big speech after big speech on Saturday at the people’s assembly workers will be wondering waht happens next.
The National Shops Stewards Network conference the 7th annual event to be held since its formation meets at a crucial time for workers facing attack after attack on their pay and conditions.
It can be an excellent chance to hear from rank-and-file workers and anti cuts candidates fighting back in their workplaces and their communities too.
Sharing stories and tactics of how we can fight back can boost other workers confidence to know that we are not just fighting alone and we can win.
Why we're going to the NSSN conference: Coventry communications workers
With thanks to Lenny Shail
Seven delegates will be heading down to the National Shop Stewards Network (NSSN) conference from the two CWU branches in Coventry.
Workers in Royal Mail, the post office, BT and other companies in the communications industry are facing unprecedented battles: against privatisation, bullying, sell-offs, sackings, union busting and performance management.
At a Coventry CWU branch meeting of around 50 members there was unanimous anger at the union's telecommunications executive's recommendation of accepting BT's below-inflation pay offer and refusal to immediately take action against performance management.
At car park meetings at the local postal depots, postal workers are demanding industrial action now to defeat privatisation of Royal Mail.
Local NSSN supporters in these workplaces and branches have been key to organising such meetings, putting forward a correct programme and strategy and linking the need for action with the need for a 24-hour general strike against austerity.
The continuing strikes in the Crown post offices has shown that action can force the employer to back down and that the public supports them.
Workers in O2 were balloted for strike action to stop outsourcing to Capita, while workers in Virgin Media, Sky, Vodaphone and others continue to defy the union-busting tactics of management.
The NSSN, particularly its conference on the 29 June, is key to building support for these day-to-day battles.
________________________________________
The 7th annual conference of the NSSN will take place on 29 June, 11am - 5pm in the Camden Centre, Judd Street, London WC1H 9JE
The NSSN was initiated by the RMT transport union in 2006. Seven national unions - RMT, PCS, CWU, NUM, POA, NUJ, and BFAWU - are either affiliated to the NSSN or officially support it as well as many union branches, shop stewards' committees and trades councils.
The conference will include main sessions on resisting the cuts and fighting the bedroom tax but also workshops on defending the NHS, organising in the workplace, housing, organising the unorganised, fighting blacklisting, Turkey, etc.
It's open to everyone in the trade unions and community campaigners.
Speakers include union general secretaries: Mark Serwotka, PCS, Billy Hayes, CWU and Steve Gillan, POA and Tommy Sheridan, Scottish Anti-Bedroom Tax Federation chair
For more information contact: info@shopstewards.net www.shopstewards.net
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