Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Rail industry and RMT to resume talks amid hopes of end to strikes

by January 17, 2023
January 17, 2023
Rail industry and RMT to resume talks amid hopes of end to strikes

Talks will continue this week between the rail industry and the National Union of Rail, Maritime and Transport Workers (RMT) amid renewed optimism that a deal can be reached without further strikes.

However, the drivers’ union Aslef was set to reject an initial offer from train operators, meaning a full resolution to the long-running pay dispute on the railway is likely to remain some time away.

Network Rail – responsible for track, signalling and other infrastructure in Great Britain – and the Rail Delivery Group (RDG), representing train operators, were set to resume separate negotiations in London with the RMT leadership on Tuesday morning.

Sources close to the dispute said the RMT believed it could reach an agreement without taking further action, after a four-week period of strikes and other industrial action either side of Christmas.

However, the union said it was still awaiting an improved offer in writing from Network Rail and the RDG – something it regards as a prerequisite after a clause inserted at the last minute scuppered a prospective deal with train operators in December.

An 8% offer was rejected outright by the RMT general secretary, Mick Lynch, who accused the government of “torpedoing” the deal by inserting demands around driver-only operation, an issue that had provoked years of strikes on Southern rail and elsewhere before the coronavirus pandemic.

It is understood that commitments around driver-only operation and other controversial “modernisation” proposals will be watered down.

Ministers met rail unions last week and have since said there was a “better deal” on the table. In their last official statement, issued on Thursday, the RMT and the RDG said they were “working jointly towards a revised offer”.

The transport secretary, Mark Harper, said at the weekend that he believed “both the companies and the rail unions are keen to reach an agreement”, adding: “I made sure after I met the trade union leaders that there was a better deal on the table for rail workers.”

Harper said it remained “important that we get generational reform” in Network Rail’s maintenance operation and at operating companies, with a “seven-day railway where you don’t have to run a rail service by depending on the goodwill of people turning up on their days off”.

Network Rail’s chief negotiator, Tim Shoveller, told MPs last week that he was confident a deal could soon be reached. In an electronic referendum in December, RMT members including critical signalling staff rejected a Network Rail offer of a 9% increase over two years, of which 5% was backdated to January 2022, with discounted travel and a guarantee on jobs.

Any eventual settlement with the RMT is likely to pave the way for easier negotiations with Aslef. A meeting of Aslef’s eight-strong national executive committee started on Monday afternoon, with an 8% pay increase from train operators expected to top the agenda.

The Aslef general secretary, Mick Whelan, last week told MPs there was “zero” chance of drivers accepting the offer as it stood, which he said meant worse terms and conditions for a large real-terms pay cut.

The disputes have cost the rail industry an estimated £400m in lost revenue over 21 strike days, with the majority of stoppages by RMT members.

Read more:
Rail industry and RMT to resume talks amid hopes of end to strikes

0
FacebookTwitterGoogle +Pinterest
previous post
UK inflation could fall rapidly as energy prices drop, says BoE boss
next post
Inflation fuels sharp rise in businesses going bust

You may also like

How can employers support employees’ mental wellbeing?

October 31, 2023

China warned against dumping US bonds as retaliation...

April 21, 2025

Hunt does not know if government can cut...

January 8, 2024

Huge expansion of Wimbledon tennis grounds gets closer...

October 27, 2023

Parcel firms still responsible for dodgy deliveries according...

November 18, 2022

Borrowing costs for UK companies are climbing

September 29, 2022

IVF parents should have right to paid fertility...

June 9, 2025

Around 100,000 civil servants to go on strike...

January 12, 2023

The big stay: job security concerns keep 71%...

August 27, 2024

Lloyds Banking Group Faces Profit Decline Amidst Heightened...

April 24, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Should I trade mark my business name or logo?

      June 19, 2025
    • Trump to make Iran decision ‘within the next two weeks’ given ‘chance’ of negotiations, Leavitt says

      June 19, 2025
    • Israel’s ‘resounding’ military campaign against Iran could be historic turning point, experts say

      June 19, 2025
    • Measuring ROI in Social Media Marketing: Beyond Likes and Shares

      June 19, 2025
    • Two men convicted in Pennsylvania mayoral race election fraud case hit with harsher sentences than expected

      June 19, 2025
    • Flaring Iran nuclear crisis provides first major test for pivotal Trump trio

      June 19, 2025

    Categories

    • Business (8,264)
    • Investing (2,050)
    • Politics (15,704)
    • Stocks (3,157)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved