The RMT union has rejected London Underground’s latest pay offer, covering the period from April 2011 to April 2016, which includes the London 2012 Games.
London Underground made a revised five-year pay offer to trade unions which would have seen staff get a 4.75% pay increase this year, followed by a rise of inflation (RPI) plus 0.25% in the four subsequent years.
RMT General Secretary Bob Crow said:
“The RMT executive has rejected the latest pay offer from London Underground.
“The fractional increase in the offer for this year is to only 4.75% which is still significantly below inflation, as the RPI figure for February was 5.5%.
“Our Members are currently experiencing significant increases in their costs of living, the latest being the outrageous price rises announced by British Gas.
“Moreover, LU’s offer is for a five-year settlement which is too long duration, especially when the offer for years 2 to 5 is only a small fraction above RPI.
“This would leave London Underground staff vulnerable to real-terms pay cuts in years when RPI under-estimates the real rise in living costs, as it often does and would leave us unable to claim for further increases until 2016.
“Adding insult to injury, LU has dismissed out of hand our claim for a minimum flat-rate pay increase, which would benefit lower paid grades.
“It has also dismissed our claim for a reduction in working hours and offered little or nothing on our other claims for improved conditions.
“We will continue to campaign alongside our sister unions for a deal that protects and improves our member’s standards of living.”