robroy:
Where as Tesco is as it should be, ie. realistic basic, “proper” overtime at time+half, ample time to do the job, (as in driving to legal limits no risk of points) and fair employers, I know which I would prefer.
Well of course it is, because it’s own account haulage where making a profit is left to the stores instead of the vehicle fleet. If Tesco had to make a profit out of it you can bet your sweet life they wouldn’t run at 40 on single A roads!
I had kind of figured that out for myself , that it was two different aspects of haulage work, but that doesn’t alter the fact that there are employment condition issues in the haulage industry, in direct comparison to all, or most other industries does it, and apart from that 40 is the limit by law, whether you or I like it or not, and if it is an actual perceived unwritten law, that it is essential to break the law in order to make a profit, the industry is in an even worse state than I pointed out at first.
Baboo85:
i work for stobarts tesco own 49% of stobarts
No they don’t.
" Brothers-in-law Andrew Tinkler and William Stobart hold 8.18% and 3.77% respectively of the Stobart Group as of May 2011.of the company and Steve O’Connor holds a further just under 3% of the company as of May 2011. The largest overall shareholder is now the investment management company Invesco who now holds 36.51% of the Stobart Group as of May 2011." (Source. Wikipedia)
sorry to say thats mostly wrong as wikipedia offen is. wa holdings who own tesco and alot of companies on that list are a majority share holder of stobbarts. stobarts bought out the Irlam family hense why they run under stobarts and there drivers wear a stobart uniform. and my source mr tinkler himself. enough said ahmen
If anyone outside the stobart family owned 49% of the stock, then only 2% more would have to be in general circulation for the Big Man Himself to be ousted from the boardroom by any large shareholder bringing a vote of no confidence. If a private firm never wants that to happen, all they have to do is float less than 50% of the company in total, thus it isn’t very likely that one single shareholder can GET their mits on 49%.
Investment banks might sell you a 49% stake they don’t own - but they won’t risk it if bankruptcy isn’t imminent. Someone wanting to build a 49% stake would have to mop up all the shares in the open market (probably at more than double the price!) and then approach a weak member of the board for the other 2%, assuming any other one person owns this amount.
A more typical amount of shares in issue at floatation time (of your average PLC) is 40%, meaning no hostile takeover is possible.
The price action of Tescos suggests that they no more own 49% of Stobarts than Buffet owns 49% of Tescos… Buffet might be able to afford the 49% even at double price, but there just isn’t enough loose stock around to mop up without seriously disrupting the FTSE, which needs all kinds of permissions from the stock exchange before it can go ahead. I believe at present, you have to declare intent on stockpiling around 11% of a company.
Baboo85:
i work for stobarts tesco own 49% of stobarts
No they don’t.
" Brothers-in-law Andrew Tinkler and William Stobart hold 8.18% and 3.77% respectively of the Stobart Group as of May 2011.of the company and Steve O’Connor holds a further just under 3% of the company as of May 2011. The largest overall shareholder is now the investment management company Invesco who now holds 36.51% of the Stobart Group as of May 2011." (Source. Wikipedia)
sorry to say thats mostly wrong as wikipedia offen is. wa holdings who own tesco and alot of companies on that list are a majority share holder of stobbarts. stobarts bought out the Irlam family hense why they run under stobarts and there drivers wear a stobart uniform. and my source mr tinkler himself. enough said ahmen
That is the institutions/companies that hold over 3% of Tesco’s shares…strange no mention of WA Holdings, who you claim own Tesco. Yes Stobart bought out Irlam and O’Conor that why they have shares in Stobart, they took shares as part payment for their companies.
Still never let the facts get in the way of a good conspiracy theory or drivers BS.
del trotter:
WA Developments holdings Ltd may Be listed a s a company, but is also listed as Non trading.
Seriously Tesco do not own Stobart, never have and probably never will.
The reason is Tesco are not stupid enough to involve themselves with trucks that are run for profit.
And neither am I, the only Tesco knockers are those who have never done the job or would like to do the job.
Proper pay plus benefits and a sensible amount of hours, and everything is done by the book maintenance is spot on, drivers hours and speed limits strictly adhered to, I really cannot see why some seem to have an issue with it.
I think you must be insane to enjoy tramping but many do, it’s all down to what suits the individual, and the quiet life suits me fine thank you very much.
robroy:
I don’t know a lot about the Tesco driving job but I reckon the difference is that most driving work is as it is, ie crap basic pay, “overtime” at time+£1 , minimum time to do the job (as in go go go), cynical employers, and driving tired. Where as Tesco is as it should be, ie. realistic basic, “proper” overtime at time+half, ample time to do the job, (as in driving to legal limits no risk of points) and fair employers, I know which I would prefer.
And there gent’s , is the nub of the matter. I know when I used to drive for them on agency, that was a real quality job, and still, Tesco drivers were moaning about it. Typically, I’d go in get my notes and unit keys, amble off, do my checks, get the trailer, and off into the wild blue yonder. I’d get back and the same crowd were holed up in one corner, still wingeing, still to get out and do their minimum 6 hours. It’s over 4 years since I worked for them and if my job went belly up tomorrow, I know where I’d be beating a path to, and happy to do it.
chester:
edit. If you were to scrape a bumper then thats you on the black list, (is that racist) ■■?
In short yes.
When I worked for the NHS the hospital HR department kept a ‘black list’ of locum doctors who they didn’t want to employ again. It was stored on a computer in a file headed ‘Black List.’ A Nigerian doctor took them to a tribunal because it turned out (no surprise) that most of the people on the list were coloured. The reason they were there was usually because there had been concerns that their English was poor.
He won his case.
A damages brief would have to be on drugs to lose an action on behalf of their client against the NHS! - They’re so PC that “hurting feelings” gives people ground to litigate nowdays. Dr Nigerian probably won his case because he proved that his employer’s English was just as bad as his own for writing “black list” when the majority of people in there were actually BROWN!
mrx:
Wear hi-viz in cab
Drive at 50
Claim overtime
Hate Eddie and the elfs
Yep ! and ? … I was a Tesco driver and proud of it, high pay and no need to speed.
Job being ruined by Stobbarts and other cut throat companies.
Me too Pat.
I was at Crick for a short while, then went to MK for 10 years. Best years of my life. Made some lifelong friends and look back on a great time.
Were you at Crick?
I always thought that CRICK is the estate on the east side of the M1 (M&S,Sainsbury etc), and DIRFT is the estate on the west side - a site that includes Stobby, Tesco, RM, and Mothercare among others… Surely you don’t call that place “crick” as well? Mind you, everyone around here calls that place “Hinkley Bottom” in any case. Sounds like some kind of illegal ■■■ act!?
Baboo85:
i work for stobarts tesco own 49% of stobarts
No they don’t.
" Brothers-in-law Andrew Tinkler and William Stobart hold 8.18% and 3.77% respectively of the Stobart Group as of May 2011. Allan Jenkinson holds 4.9% of the company, the Irlam family hold 2.88% of the company and Steve O’Connor holds a further just under 3% of the company as of May 2011. The largest overall shareholder is now the investment management company Invesco who now holds 36.51% of the Stobart Group as of May 2011." (Source. Wikipedia)
Spot on del trotter
Tesco dont own Stobarts!!
Tesco not owned by WA Holdings
both are mostly owned by financial institutions as you say through London stock market listing
i have to confess i do own a few Stobart shares!!!( not many)
cheers
I was in kinross services and took a walk over to dobbies garden centre to kill a bit of time and seen a tesco artic unloading. So me being a nosey git i googled this. Tesco own dobbies garden centres how random is that?!
papermonkey:
And there gent’s , is the nub of the matter. I know when I used to drive for them on agency, that was a real quality job, and still, Tesco drivers were moaning about it. Typically, I’d go in get my notes and unit keys, amble off, do my checks, get the trailer, and off into the wild blue yonder. I’d get back and the same crowd were holed up in one corner, still wingeing, still to get out and do their minimum 6 hours. It’s over 4 years since I worked for them and if my job went belly up tomorrow, I know where I’d be beating a path to, and happy to do it.
I would suggest they were not moaning but sounding off, The problem is they become institutionalised and when they are due to do a minimum 6 hours and the boss asks them to do 6 1/4 hours they throw the toys out the pram, If you are in such a cocooned environment like own account haulage you wouldn’t appreciate what you’ve lost until you lost it, if that makes sense
papermonkey:
And there gent’s , is the nub of the matter. I know when I used to drive for them on agency, that was a real quality job, and still, Tesco drivers were moaning about it. Typically, I’d go in get my notes and unit keys, amble off, do my checks, get the trailer, and off into the wild blue yonder. I’d get back and the same crowd were holed up in one corner, still wingeing, still to get out and do their minimum 6 hours. It’s over 4 years since I worked for them and if my job went belly up tomorrow, I know where I’d be beating a path to, and happy to do it.
I would suggest they were not moaning but sounding off, The problem is they become institutionalised and when they are due to do a minimum 6 hours and the boss asks them to do 6 1/4 hours they throw the toys out the pram, If you are in such a cocooned environment like own account haulage you wouldn’t appreciate what you’ve lost until you lost it, if that makes sense
Hope this helps
Changed to ‘Every Little Helps’ for the duration of this tesco thread.
mrx:
Wear hi-viz in cab
Drive at 50
Claim overtime
Hate Eddie and the elfs
Yep ! and ? … I was a Tesco driver and proud of it, high pay and no need to speed.
Job being ruined by Stobbarts and other cut throat companies.
Me too Pat.
I was at Crick for a short while, then went to MK for 10 years. Best years of my life. Made some lifelong friends and look back on a great time.
Were you at Crick?
I always thought that CRICK is the estate on the east side of the M1 (M&S,Sainsbury etc), and DIRFT is the estate on the west side - a site that includes Stobby, Tesco, RM, and Mothercare among others… Surely you don’t call that place “crick” as well? Mind you, everyone around here calls that place “Hinkley Bottom” in any case. Sounds like some kind of illegal ■■■ act!?
Yes you`re right. Crick is indeed on the east side. Which is where I worked in 1980. The old Tesco place is still there occupied by someone else now. I was shunting in there for a while. (plus playing pool, table tennis, and at lunchtime cricket over in the village playground. Happy days)…!
Before daft shifts were invented. I went to work in the morning at 8-00 and went home at 5-00. It was closed and locked up at night!
, that it was two different aspects of haulage work, but that doesn’t alter the fact that there are employment condition issues in the haulage industry, in direct comparison to all, or most other industries does it, and apart from that 40 is the limit by law, whether you or I like it or not, and if it is an actual perceived unwritten law, that it is essential to break the law in order to make a profit, the industry is in an even worse state than I pointed out at first.
