RMT accepts pay offer, settles tube dispute with TfL

(Sharecast News) - The Rail, Maritime and Transport (RMT) union said it had settled its long running pay dispute with London Underground, calling the result a "substantial victory". Transport for London (TfL), which operates the capitals rail and bus network, had tabled an improved offer earlier this month, leading the RMT to suspend planned industrial action.

Lower-paid tube workers would receive pay increases of between 5% and 6.6%, with an average increase of 4.6%, the RMT said in a statement, adding that plans to freeze pay bands had been scrapped.

Other improvements include extended paternity leave, three years' protection of earnings for medically displaced staff, and expanded travel benefits, it said.

"This agreement is a landmark victory for our members and a vindication of RMT's determination to fight for fair pay and conditions," said RMT general secretary Mick Lynch.

"By standing together and using the power of collective bargaining, we have not only secured a strong deal but also protected key safeguards that underpin our members' work-life balance and dignity in the workplace.

Reporting by Frank Prenesti for Sharecast.com