TfL financial crisis

Funding deal a "shabby political attempt to strangle TfL and punish working people‎"

RMT blasts latest government drip-feed deal as further blow for London’s Transport
Transport union RMT today slammed the government for imposing yet another short-term funding deal on Transport for London which continues to make vital support for public transport conditional on more damaging austerity attacks on workers.

The latest deal lasts until 18 May, meaning that TfL is in almost continuous negotiation and heroic keyworkers who have worked through the pandemic are left wondering about their future.

RMT in dispute as Tube bosses announce train driver job cuts at Queen's Park depot

JOB CUTS, TRAIN OPERATORS, QUEENS PARK DEPOT - LONDON UNDERGROUND - (LUL/14/5)

The following resolution was recently received from the Bakerloo Line Branch:-

“This branch notes LU's declared intention to cut Train Operators jobs at Queen's Park Depot. These cuts involve a reduction of 11 rostered positions (101 to 90) and one pool position (six to five), amounting to a total of cut of more than 10% of the existing workforce.

TfL Financial Sustainability Plan massive missed opportunity and capitulation to Tory austerity

RMT General Secretary Mick Cash said;

“This Financial Sustainability Plan is a massive missed opportunity and a capitulation to Tory austerity. TfL could have used this moment to aggressively make the case for setting its funding on a completely new basis, recognising the failure of fare box model and making the case for public funding that recognises the public interest in London’s mass transit system.

RMT demands full disclosure of TFL Financial Sustainability Plan

strike flag

LONDON TRANSPORT UNION RMT today wrote to London Mayor Sadiq Khan demanding that he come clean on what plans TfL are putting to the government in order to secure more funding in March. 

As part of the deal made at the end of last year, Sadiq Khan agreed to submit to the DfT proposals for returning the body to ‘financial sustainability’ following the devastation of its finances by the Covid-19 pandemic. This plan was submitted to the DfT yesterday but unions have not yet seen them.

Video: Tube funding update

RMT Regional Organiser John Leach updates members on the funding agreement reached between London mayor Sadiq Khan and thr government following s meeting he attended this morning with the assistant mayor and TfL commissioner.

Video transcript:

Coalition of organisations call for end of Tory attack on London Transport

A coalition of organisations have today joined together in a letter to Prime Minister Boris Johnson, calling on him to end his government’s attack on the capital’s transport system, 48 hours before negotiations between the government and TfL over a new funding deal are due to end.

Government proposes savage cuts on London Underground and Overground

TRANSPORT UNION RMT has revealed today that the Government proposes savage cuts on London Underground and Overground in spite of the high productivity levels of its workers.

The proposed cuts are part of an austerity package being demanded by the Government in exchange for a 6 month period of ‘workplace reform’ including a return to the idea of ‘driverless trains’ and an attack on workers’ pension schemes.

RMT gears up for industrial and political battle in London

Dear colleagues,

RMT gears up for industrial and political battle in London

I'm writing to you to set out how your union is responding to the Government's attempt to use the crisis in TfL's finances to launch an attack on the livelihoods of ordinary Londoners, including threats to attacks jobs and pensions on the capital's transport network.

RMT meets with LU director to discuss financial crisis

Dear RMT members

Update

This morning myself and NEC rep Jared Wood attended a summit meeting with the Managing Director of LUL and others to discuss the above

At the time of writing this update no final deal had been done with government and TFL and management told us that it is possible a deal may not be completed by the 17th October deadline. However, it is management’s view that a section 114 notice would not be required if there was a reasonable prospect of securing a deal by next week.