Introduction A future for - The Royal Mail Group - The Universal Service - The wider postal industry A CWU perspective Dave Ward Deputy General Secretary

Challenges/Overview Modernisation – it’s happening Regulation – it’s unfair Pensions – it’s not a bail out The digital revolution – it’s not the end Privatisation – it’s pure dogma

Business Transformation – Key Points A shared vision of modernisation Transforming relationships Job security/managing the change Generic operational change Functional operational change Employee reward

Business Transformation/Deployment RM satisfied with overall co-operation Transformation Yes – but people come first (overarching objective) The pace of change dictated by what people can cope with Delivering our shared vision is paramount

Why Government has got it wrong The Hooper Report -flawed analysis -force premise for privatisation If the question really is how do we maintain the USO and a nationwide network of Post Offices – then the answer is not privatisation

Why Government has got it Wrong fixing regulation and pensions is not contingent on privatisation but privatisation is contingent on fixing regulation and pensions Rather than support our mod Agreement – privatisation runs the risk of stopping it in its tracks

Solutions/the best way to proceed the real exam test is modernisation – not privatisation change the rules of regulation - not just the regulator the pensions solution/state aid –Not contingent on privatisation –Government taking 26 billion pounds of assets –Employee pensions must be protected

Solutions/the best way to proceed Royal mail needed expertise A strategic partner or Moya Green? A stronger Bill to protect the USO and PO network Royal Mail does need access to private capital –How much? –What for? –There are alternatives

Summary CWU Supports modernisation CWU do not support privatisation Protecting USO is key for the whole of the postal industry The Government should consider alternatives Watch this space!