Royal Mail workers fear for bonus

Speculation was mounting today that Royal Mail is to make a statement on its finances which could lead to thousands of postal workers not receiving a bonus they were expecting.

The move could come as early as tomorrow, alongside a warning that Royal Mail's share of the postal market was falling.



It would be the first major announcement by Moya Greene since she took over from Adam Crozier as chief executive last year, with the business facing increased competition.



Royal Mail has been pressing ahead with modernisation plans since a bitter strike involving members of the Communication Workers Union was resolved in 2009.



Former chairman Allan Leighton launched a so-called colleagueshare scheme in 2007, with workers being told they could receive up to £5,300 over the five-year plan, combined with other dividends.



Rumours started last week in several areas of the country that the money will not be paid out this year because of the state of Royal Mail's finances.



Postal workers have been waiting for news about the expected payout, with some saying it was worth several hundred pounds.



The Government has launched controversial plans to privatise Royal Mail, with legislation being considered by the House of Lords.



Neither Royal Mail nor the CWU would make any comment today.







Unite said staff had been told that the performance of the company was such that the colleagueshares were worth nothing.



The union also claimed that Royal Mail was planning to close south and east London mail centres, with a future focus for central London being in Mount Pleasant.



In a letter to the company, national officer Brian Scott said: "I am bitterly disappointed that, despite your previous commitment, Unite has learned today that Royal Mail is communicating directly with employees in the issue of potential job losses before it has started consultation with the union.



"I really must impress upon you that if this is the future style of industrial relations and engagement between Royal Mail and Unite then this will only make life difficult for everybody.



"You will gather from the above comments that the situation is unacceptable to us and demand that we meet with you as a matter of extreme urgency to discuss the way forward."







Mr Scott said: "Royal Mail has failed in every way to achieve its objectives of rewarding individuals in the longer term for the valuable contribution they have made to the improvements and success of the business.



"This situation has been handled very badly by the company and Unite is demanding an urgent meeting."

Life and Style
A teenager boy wakes up.
life
Life and Style
It is believed that historically rising rates of alcohol consumption have contributed to the increase
food + drink
Voices
The erotic novel Fifty Shades of Grey has already been blamed for a rise in the number of callouts to the fire brigade for people trapped in handcuffs
voicesJustine Elyot: Since Fifty Shades there's no need to be secretive about it — everyone's at it
Arts and Entertainment
Critics say Kipling showed loathing for India's primitive villagers in The Jungle Book
filmChristopher Walken, Bill Murray, Scarlett Johanssen Idris Elba, Andy Serkis, Benedict Cumberbatch, Cate Blanchett and Christian Bale
PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
News
ebooksAn unforgettable anthology of contemporary reportage
Life and Style
Playing to win: for Tanith Carey, pictured with Lily, right, and Clio, even simple games had to have an educational purpose
lifeTanith Carey explains what made her take her foot off the gas
Arts and Entertainment
The White Sails Hospital and Spa is to be built in the new Tunisia Economic City.
architectureRussian billionaire designs boat-shaped hospital for new Dubai-style Tunisia Economic City
Arts and Entertainment
You could be in the Glastonbury crowd next summer if you follow our tips for bagging tickets this week
music
Sport
Husain Abdullah returns an interception off Tom Brady for a touchdown
nflLeague has rules against 'sliding to ground on knees'
Life and Style
tech
Extras
indybest
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Java Developer - web services, XML and API

£330 - £350 Per Day: Clearwater People Solutions Ltd: Our client based in Lond...

Primary teachers required for schools in Norwich

£21000 - £35000 per annum: Randstad Education Cambridge: Primary teachers requ...

Trainee Helpdesk Analyst / 1st Line Application Support Analyst

£18000 per annum: Ashdown Group: An established and growing IT Consultancy fir...

Data Analyst / Marketing Database Analyst

£24000 per annum: Ashdown Group: An established and growing IT Consultancy fir...

Day In a Page

Isis is an hour from Baghdad, the Iraq army has little chance against it, and air strikes won't help

Isis an hour away from Baghdad -

and with no sign of Iraq army being able to make a successful counter-attack
Turner Prize 2014 is frustratingly timid

Turner Prize 2014 is frustratingly timid

The exhibition nods to rich and potentially brilliant ideas, but steps back
Last chance to see: Half the world’s animals have disappeared over the last 40 years

Last chance to see...

The Earth’s animal wildlife population has halved in 40 years
So here's why teenagers are always grumpy - and it's not what you think

Truth behind teens' grumpiness

Early school hours mess with their biological clocks
Why can no one stop hackers putting celebrities' private photos online?

Hacked photos: the third wave

Why can no one stop hackers putting celebrities' private photos online?
Royal Ballet star dubbed 'Charlize Theron in pointe shoes' takes on Manon

Homegrown ballerina is on the rise

Royal Ballet star Melissa Hamilton is about to tackle the role of Manon
Education, eduction, education? Our growing fascination with what really goes on in school

Education, education, education

TV documentaries filmed in classrooms are now a genre in their own right
It’s reasonable to negotiate with the likes of Isis, so why don’t we do it and save lives?

It’s perfectly reasonable to negotiate with villains like Isis

So why don’t we do it and save some lives?
This man just ran a marathon in under 2 hours 3 minutes. Is a 2-hour race in sight?

Is a sub-2-hour race now within sight?

Dennis Kimetto breaks marathon record
We shall not be moved, say Stratford's single parents fighting eviction

Inside the E15 'occupation'

We shall not be moved, say Stratford single parents
Air strikes alone will fail to stop Isis

Air strikes alone will fail to stop Isis

Talks between all touched by the crisis in Syria and Iraq can achieve as much as the Tornadoes, says Patrick Cockburn
Nadhim Zahawi: From a refugee on welfare to the heart of No 10

Nadhim Zahawi: From a refugee on welfare to the heart of No 10

The Tory MP speaks for the first time about the devastating effect of his father's bankruptcy
Witches: A history of misogyny

Witches: A history of misogyny

The sexist abuse that haunts modern life is nothing new: women have been 'trolled' in art for 500 years
Shona Rhimes interview: Meet the most powerful woman in US television

Meet the most powerful woman in US television

Writer and producer of shows like Grey's Anatomy, Shonda Rhimes now has her own evening of primetime TV – but she’s taking it in her stride
'Before They Pass Away': Endangered communities photographed 'like Kate Moss'

Endangered communities photographed 'like Kate Moss'

Jimmy Nelson travelled the world to photograph 35 threatened tribes in an unashamedly glamorous style