Any opinions expressed are the opinions of the authors only. We have taken reasonable steps to ensure that any information provided by The Motley Fool Ltd, is accurate at the time of publishing. Although it does look undervalued, I’m going to stay away until there’s more clarity on the situation. The share price is down 45% over the past year. The reputational damage, financial implications and distraction from core operations that this causes is all negative. As a result, I’m worried about Royal Mail shares. With the case of Royal Mail, I don’t think a resolution is going to come anytime soon. Ideally, a smooth working relationship between the union and the management of the company is achieved. It’s a great thing to be able to be a part of, to ensure that people are treated fairly. There’s no problem with a union pushing for the rights of workers. So the strategy clash between two stakeholders here could paralyse Royal Mail if neither side gives in to what it believes to be the right direction for the future. As I flagged up last month, the Q1 revenue drop of 11.5% can be partly contributed to the structural decline of letters. It would need to find a way to either cut costs somewhere else or increase revenue in order to offset this impact on the company accounts.Īs for the push on letters, this goes against the transition that the business is making towards the parcel division. Not only would this be an expense for 2022, but the higher pay would reflect as a cost for each year going forward. It’s also pushing for a strategy to increase the focus on letters.Ī jump in pay of this size would cost a lot for Royal Mail. The Communication Workers Union is requesting a pay rise in line with inflation. This situation has been escalating for a while now and is one reason why the share price is down 11% over the past three months. Having friction between unions and management isn’t in anyone’s interests. The use of scissors instead of paintbrushes and pencils was widely taken up a few years later, particularly in the Cubist papiers collés, in the cut-out gouaches from the later career of Henri Matisse (1869-1954), and in the torn paper and drawings that Jean Arp (1886-1966) used to make his Constellations in the 1930s.In my opinion, the reputational damage in coming weeks could be worse than the financial hit. Rodin probably intended to use this assemblage of figures in a new watercolor painting.
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Like all the cut-out paper figures in the museum’s collection, these were mounted on a support after the artist’s death.
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To add relief to his composition, Rodin positioned the arm of one of the women over the other’s legs. Two Semi-Reclining Female Nudes resulted from this kind of assemblage. When he had finalized the new design, he used tracing paper to transfer it to another sheet of paper, which he then painted in watercolor. He would then choose two or three of these figures and combine them to create a new composition.
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He thus compiled a stock of cut-out figures taken from his own drawings.
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From 1900 onwards, when Rodin was particularly pleased with the position or movement of a figure in one of his drawings, he sometimes cut it out to use it again elsewhere.