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Postal workers should reject this phoney shares scheme

This article is over 16 years, 1 months old
Wednesday 18 May is shaping up to be a crucial day for post office workers and every trade unionist.
Issue 2000

Wednesday 18 May is shaping up to be a crucial day for post office workers and every trade unionist.

Royal Mail management will announce the annual financial results but are also expected to say that shares in 20 percent of Royal Mail will be given to staff—a privatisation move.

Royal Mail is moving to sell off a public service and make staff dependent on gimmicky bonuses rather than decent increases in basic, pensionable pay.

If the share issue is announced the CWU union is committed to call an immediate strike ballot. There will also, quite rightly, be a clamour to suspend cash for the Labour Party, which has allowed Royal Mail chairman Allan Leighton to go ahead with the plan.

The union has already organised a consultative ballot over Royal Mail’s future.

Disgracefully some managers have tried to obstruct this, but it is going ahead anyway.

John Denton, CWU London regional secretary, said, “The CWU rejects Leighton’s phoney shares. We don’t want a company that goes bankrupt like Leeds United or moves work abroad like Dyson, that is forced to merge like Wilson Conolly or fined for anti-union activities like Asda.

“These are companies that Allan Leighton has been associated with recently.”

This consultative ballot will give CWU national leaders a clear mandate to pursue the union’s vision of better basic pay, safe pensions, job security and fair workloads for postal workers in a publicly owned company.

But it needs to be followed by hard hitting strike action if Leighton presses on with his plan.

The result of the consultative ballot is to be declared at the CWU’s national conference on Tuesday 23 May.

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