[Misc] Will the Unions bring everyone to their knees?

[beorhthelm]

Network Rail is a non profit organisation. The companies making profits are GTR etc.

its not for profit but they make an opertating profit that goes back to rail. the number you quote is from RMT refering to Network Rail (go check the sources, correct me if im wrong).

 

[Thunder Bolt]

its not for profit but they make an opertating profit that goes back to rail. the number you quote is from RMT refering to Network Rail (go check the sources, correct me if im wrong).

The 13 train operating companies that workers are striking from are owned by just seven companies. Bus and train operating company Abellio owns Greater Anglia, East Midlands Railway, West Midlands Railway and jointly own Northern Trains with Serco. In 2019 Abellio made a total turnover in Britain of approximately £2.95 billion. Between 2014 and 2018, the Greater Anglia franchise made a profit of £85 million. Instead of reinvesting this money, it paid shareholders £61 million.

East Midlands Railway made over £426 million in revenue in the 12 months to April 2019. British multinational transport company FirstGroup owns Great Western Railway and Transpennine Express. It jointly owns Avanti West Coast with Trenitalia and jointly owns South Western with MTR Corporation. FirstGroup grabbed a profit of £226.8 million in the year ending March 2022. It paid its chief executive Matthew Gregory £840,000 in 2021, up from £788,000 the previous year.

South Western Railway’s joint owner MTR Corporation paid its managing director £1.18 million in 2018. Avanti West Coast took government money to cope with the Covid pandemic in 2020. With that money it paid £11 million in dividends to shareholders. Meanwhile it outsourced cleaners employed by Atalian Servest. These workers are paid just above the minimum wage and receive no sick pay. Avanti West Coast is also owned by Trenitalia who owns C2C. In 2019 it made £500 million in profit.

Chiltern Railways and Cross Country trains are owned by Arriva. Cross Country Trains handed out £12 million in dividends after grabbing government Covid financial support. Arriva chief executive Dr Manfred Rudhart took an 18 percent pay rise from £1.1 million to £1.34 million in early 2020.

 

[beorhthelm]

The 13 train operating companies that workers are striking from are owned by just seven companies. Bus and train operating company Abellio owns Greater Anglia, East Midlands Railway, West Midlands Railway and jointly own Northern Trains with Serco. In 2019 Abellio made a total turnover in Britain of approximately £2.95 billion. Between 2014 and 2018, the Greater Anglia franchise made a profit of £85 million. Instead of reinvesting this money, it paid shareholders £61 million.

East Midlands Railway made over £426 million in revenue in the 12 months to April 2019. British multinational transport company FirstGroup owns Great Western Railway and Transpennine Express. It jointly owns Avanti West Coast with Trenitalia and jointly owns South Western with MTR Corporation. FirstGroup grabbed a profit of £226.8 million in the year ending March 2022. It paid its chief executive Matthew Gregory £840,000 in 2021, up from £788,000 the previous year.

South Western Railway’s joint owner MTR Corporation paid its managing director £1.18 million in 2018. Avanti West Coast took government money to cope with the Covid pandemic in 2020. With that money it paid £11 million in dividends to shareholders. Meanwhile it outsourced cleaners employed by Atalian Servest. These workers are paid just above the minimum wage and receive no sick pay. Avanti West Coast is also owned by Trenitalia who owns C2C. In 2019 it made £500 million in profit.

Chiltern Railways and Cross Country trains are owned by Arriva. Cross Country Trains handed out £12 million in dividends after grabbing government Covid financial support. Arriva chief executive Dr Manfred Rudhart took an 18 percent pay rise from £1.1 million to £1.34 million in early 2020.

well researched and written, moving into journalism? missed out the claimed amount for all rail companies, and for some reason ignored Network Rail which is major company involved in the dispute (all that maintenance modernisation and the possible redundancies being talked about).

 

[Thunder Bolt]

well researched and written, moving into journalism? missed out the claimed amount for all rail companies, and for some reason ignored Network Rail which is major company involved in the dispute (all that maintenance modernisation and the possible redundancies being talked about).

No, just copied and pasted.

I posted a tweet from a rail worker who has explained the change in hours, weekends, and redundancies. It is basically fire and rehire at lower wages. Try and find it. It is quite an eye opener.

Edit. It's on post 402 of this thread.

 

[Neville's Breakfast]

its just basic economics, money circulates, from Alice to Bob to Eve, regardless if they earn 50k, 10k or 31.2k. some companies get involved along the way, employ people to make things, provide service, pay some executives and shareholders, who buy things and so on. the notion of trickle-down economics was about tax cuts, not stated as a formal economic theory and been re-appropriated in various meme like forms.

now thats getting into a lot more nuance. someone on lower income might spend greater proportion of income, assuming some level of saving which many dont, the mid and higher earner is still be spending more. Alice has 31k after tax and savings, Bob has 10k, Eve has 20k. who do you reckon spends the most money?

Yes, but we are talking about the spending effect of marginal (or additional) tax cuts. If you want all the tax cut spent then give it to the poorest as they will do exactly that. Richer people will save some of it. Targeted tax cuts for the poor are a legitimate fiscal tool to manage demand and you get the most effect when targeted on the low paid. The same logic applies for marginal wage increases. Give them to the poorest if you want to boost demand in the economy.

 

[Harry Wilson's tackle]

no. sorry for the shortness.

i'm more in favour of flat taxes.

Are you? In % terms? You probably noticed that I am too (much to the horror of folk I wouldn't ordinary class as on my left).

 

[beorhthelm]

Yes, but we are talking about the spending effect of marginal (or additional) tax cuts. If you want all the tax cut spent then give it to the poorest as they will do exactly that. Richer people will save some of it. Targeted tax cuts for the poor are a legitimate fiscal tool to manage demand and you get the most effect when targeted on the low paid. The same logic applies for marginal wage increases. Give them to the poorest if you want to boost demand in the economy.

we werent talking about tax at all, until pointing out thats the origin of the trickle-down myth.

 

[Springal]

BA ground staff at Heathrow to strike during the school holidays.

Outrageously it appears they agreed to a 10% pay cut during the pandemic … surprise surprise their pay has not been restored.

 

[Icy Gull]

BA ground staff at Heathrow to strike during the school holidays.

Outrageously it appears they agreed to a 10% pay cut during the pandemic … surprise surprise their pay has not been restored.

Everyone backing this strike too? Planning maximum disruption with the timing as well

BA do seem to treat both staff and passengers with complete disdain these days, so maybe they are reaping what they sow.

https://www.msn.com/en-gb/travel/ne...sedgntp&cvid=01f74ef2a4bb4153af5fe6cbf85b0f37

 

[Chicken Run]

Everyone backing this strike too? Planning maximum disruption with the timing as well

BA do seem to treat both staff and passengers with complete disdain these days

https://www.msn.com/en-gb/travel/ne...sedgntp&cvid=01f74ef2a4bb4153af5fe6cbf85b0f37

And Twitterbolt intimated that the Teachers were “lining up to strike” yesterday.

It’s been a few weeks, surely it must be time for the Brighton refuse collectors to start getting restless soon….


Sent from my iPhone using Tapatalk Pro

 

[Swansman]

Everyone backing this strike too? Planning maximum disruption with the timing as well

BA do seem to treat both staff and passengers with complete disdain these days, so maybe they are reaping what they sow.

https://www.msn.com/en-gb/travel/ne...sedgntp&cvid=01f74ef2a4bb4153af5fe6cbf85b0f37

No, only those who cares more about the rights of workers than the well-paid peoples rights to drink cocktails on some beach in Oompaloompa.

 

[Neville's Breakfast]

Everyone backing this strike too? Planning maximum disruption with the timing as well

BA do seem to treat both staff and passengers with complete disdain these days, so maybe they are reaping what they sow.

https://www.msn.com/en-gb/travel/ne...sedgntp&cvid=01f74ef2a4bb4153af5fe6cbf85b0f37

Well, this one is good for the environment and I don’t go on foreign holidays. I am going to back it I think.

 

[Icy Gull]

No, only those who cares more about the rights of workers than the well-paid peoples rights to drink cocktails on some beach in Oompaloompa.

There speaks a man who doesn't work his nuts off for most of the year, and deserves a well earned holiday with his wife and kids for some R&R

Getting stoned and eating junk food in somebody else's house whilst pontificating about putting the world to rights is what 18 year olds do, not grown men..imo

 

[Swansman]

There speaks a man who doesn't work his nuts off for most of the year, and deserves a well earned holiday with his wife and kids for some R&R

Getting stoned and eating junk food in somebody else's house whilst pontificating about putting the world to rights is what 18 year olds do, not grown men..imo

Ok, so you deserve some kind of reward for working hard but these people don't?

"Grown men" stand up for others and show solidarity with the common man, they don't expect people to be doing slave work so they can go on a holiday. imo.

 

[Guinness Boy]

Ok, so you deserve some kind of reward for working hard but these people don't?

"Grown men" stand up for others and show solidarity with the common man, they don't expect people to be doing slave work so they can go on a holiday. imo.

Checking people in at Heathrow Airport and getting paid for it isn't slavery.

 

[Guinness Boy]

And Twitterbolt intimated that the Teachers were “lining up to strike” yesterday.

It’s been a few weeks, surely it must be time for the Brighton refuse collectors to start getting restless soon….


Sent from my iPhone using Tapatalk Pro

I tell you what's getting restless, my banning finger as you continue to use disparaging epithets for people for no apparent reason as if you were still chucking your own poo round the bear pit. Please try and be a bit more respectful on the main board,

 

[Kinky Gerbil]

BA ground staff at Heathrow to strike during the school holidays.

Outrageously it appears they agreed to a 10% pay cut during the pandemic … surprise surprise their pay has not been restored.

There was a 14 percent payrise a few months ago

Unite are also the ones that let down many crew/ground staff last year.

 

[Guinness Boy]

Everyone backing this strike too? Planning maximum disruption with the timing as well

BA do seem to treat both staff and passengers with complete disdain these days, so maybe they are reaping what they sow.

https://www.msn.com/en-gb/travel/ne...sedgntp&cvid=01f74ef2a4bb4153af5fe6cbf85b0f37

This is certainly a case for "be careful what you wish for".

Just as the rail unions risk support moving back to the government after a couple of months of disruption, this could signal the end of check in staff as we know it. Already you mostly check in online and do a bag drop at any major airport with perhaps the odd one or two staff to do business and first class. The non-reinstatement of the 10% each year looks to me like a way to make the removal of the role permanent.

 

[Swansman]

Checking people in at Heathrow Airport and getting paid for it isn't slavery.

Ok, you're right, they aren't literally slaves. "Working in very unfair conditions" then.

"In the case of this dispute, they have insulted this workforce, slashing pay by 10% only to restore it to managers but not to our members."


Obviously (unless you're a "manager" as they frequently believe themselves to be better than the average worker) hideous stuff and 100% worth a strike.

 

[Kinky Gerbil]

This is certainly a case for "be careful what you wish for".

Just as the rail unions risk support moving back to the government after a couple of months of disruption, this could signal the end of check in staff as we know it. Already you mostly check in online and do a bag drop at any major airport with perhaps the odd one or two staff to do business and first class. The non-reinstatement of the 10% each year looks to me like a way to make the removal of the role permanent.

The automatic bag drop is already in place at LHR/LGW/MAN