The deal, with an initial 3.4% increase backdated to this April, means London Underground staff pay will rise in line with RPI inflation higher than the CPI rate normally used for index-linked pay rises with guaranteed minimum rates if inflation falls, making the total deal worth at least 9.2%. The RMT said it would seek similar increases across the transport sector, ascribing its success to a week of strikes two months ago that caused widespread disruption in the capital.
"This deal is a clear demonstration of the effectiveness of strike action and strong negotiation by our members. "It is significant that RMT has secured a long-term RPI deal that departs from the recent industry approach of linking pay to flawed productivity discussions and measures of inflation that do not include housing costs. "More widely, RMT members will expect to see a similar approach in other parts of the transport industry. "I want to congratulate our members for this achievement, and we look forward to working with the employer in moving forward on fatigue and staff travel provision."
