British rail workers union rejects offer aimed at averting strikes
Dec 4 (Reuters) - Britain's RMT union said on Sunday that it had rejected a pay rise offer of 4% in 2022 and 2023 from train operators aimed at heading off further strike action, which has disrupted travel for millions of rail users.
The RMT said last week that more than 40,000 railway workers would stage strikes over December and January in a long-running dispute over pay, signalling travel disruption before and after the busy Christmas holiday period.
The Rail Delivery Group, which represents train operators, had earlier offered the National Union of Rail, Maritime and Transport Workers a pay rise of 8% over two years with a guarantee of no compulsory redundancies to April 2024.
"We have rejected this offer as it does not meet any of our criteria for securing a settlement on long term job security, a decent pay rise and protecting working conditions," RMT General Secretary Mick Lynch said in a statement.
Responding to the issue, British Transport Secretary Mark Harper said in a statement, "The situation is incredibly disappointing, and unfair to the public, passengers and the rail workforce who want a deal."
"This deal will help get trains running on time," he added.
Rail workers in Britain have staged several strikes this year, including the country's biggest strike in decades during the summer, pressing demands for better pay during a cost-of-living crisis.
Businesses and train companies warned of travel disruption in the run-up to Christmas from the strikes. The British Beer and Pub Association (BBPA) has said the week of the strikes planned for December is usually the year's busiest for the pub industry.
Reporting by Kanjyik Ghosh in Bengaluru; Editing by Alexander Smith and Daniel Wallis
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.