Searchable article text
RMT helpline 0800 376 3706 :: may bulletin 2 2020 :: RMTnews
6
RMT has expressed dismay at
revelations that rail and bus
owner FirstGroup is taking
steps to maximise pay outs to
shareholders and will also
profit from the Coronavirus
pandemic.
It was announced in April
that FirstGroup was set to
benefit from millions in
taxpayers’ cash to prop up its
bus business on top of being
bailed out by the government
on its rail operations,
including a new direct award
contract for the Great Western
Route.
FirstGroup shares were up
by 3.86 per cent on the back
of the announcement.
Whilst even the big four
high street banks have said
that they will not be paying
dividends this year,
extraordinary comments by
FirstGroup bosses at a recent
“Investors’ conference call”
indicate that the company
remains laser-focused on
paying out to shareholders,
despite the current health
pandemic.
The call, which was held on
March 11, the day that the
eighth British citizen died of
Coronavirus and 460 cases
were confirmed, included
discussion of how the
pandemic would affect the
company.
FirstGroup Chair David
Martin told investors that: “At
the moment, in my experience,
this is one of the most exciting
times, with potentially real
deliverables there and money
standing behind it.”
“We are all in violent
agreement, is the only thing I
can say. Everybody is on the
same page in the one direction
of maximising shareholder
value and providing the ability
to create substantial returns to
shareholders in the short term,
or within the second half of
this year. That's our plan of
action, we’re extremely robust
about it, and we're looking
forward to moving forward.”
RMT general secretary Mick
Cash said that FirstGroup
executives were crowing over
shareholders’ payouts for this
year, all ultimately courtesy of
the tax payer.
“This is appalling stuff even
by the standards of the
privatised rail and bus
industry. In the midst of the
worst crisis this country has
faced since the Second World
War even the banks are saying
they won’t pay dividends.
“While rail and bus workers
are putting their lives on the
line to keep Britain moving
FirstGroup are looking to line
their pockets. Transport
workers and the public will be
disgusted and dismayed. This
kind of behaviour shames
Britain and makes the case for
a new, publicly owned
transport system even
stronger.
“In the meantime, First
Group should do the decent
thing and immediately rescind
their decision to pay out
dividends this year,” he said.
L
ogistics unions have blasted
DHL for ‘endangering
thousands’ with ‘inadequate’ cor
onavirus social distancing and
safety measures and by forcing
self-isolating workers to survive
on statutory sick pay (SSP).
Unite, GMB, USDAW, RMT
and URTU trade unions called
on DHL, which employs around
41,000 people in the UK, to
work with them to resolve its
workforce’s concerns over
Covid19 safety and the rate of
pay for staff who are self-
isolating or have been
furloughed.
The unions said DHL’s refusal
to acknowledge ‘urgent
concerns’ over a lack of
personal protective equipment
(PPE), and the possibility that
symptomatic and at-risk staff
may stay at work because of the
dramatic drop in their incomes
on SSP, showed an ‘utter
disdain’ for its workforce.
The joint trade unions
statement said: “DHL is one of
the largest and wealthiest
logistics companies in the world
and during the Covid19
pandemic should be leading by
example.
“Instead the company is
showing utter disdain for its
workforce by disregarding the
urgent concerns of its staff over
a lack of PPE and a failure to
carry out safety and social
distancing measures across its
operations.
“DHL’s refusal to grant full
company sick pay to
symptomatic workers who need
to self-isolate, or to those with
underlying health conditions, is
also a huge cause of concern.
“There is a real danger that
staff who should not be leaving
the house will continue to go to
work because they cannot
afford to pay their bills on the
basic SSP rate of £95.85 a
week. All DHL staff should be
entitled to full company sick
pay if they are forced to self-
isolate.
“A company that is worth
tens of billions should also be
topping up the wages of those
staff who have been furloughed,
instead of simply taking
advantage of the government’s
job retention scheme.
“DHL’s inadequate response
to the pandemic is endangering
thousands. We call on the
company to meaningfully
negotiate with the joint trade
unions to address the concerns
of its loyal workforce, many of
whom are exposing themselves
to risk to ensure essential
services keep running.”
DHL BLASTED FOR
‘INADEQUATE’ SAFETY
FIRSTGROUP PLANS TO
“MAXIMISE SUBSTANTIAL
RETURNS TO SHAREHOLDERS”