Skip to content
Tuesday 11 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,844.19
-0.17%
DAX
26,391.42
+0.26%
CAC 40
8,714.94
-0.13%
STOXX 50
6,551.22
+0.24%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Sunday 04 December 2022 5:05 pm

Rail strikes: RMT rejects eight per cent pay rise offer

By: Morning Wire Reporter and Andy Silvester

Add as a preferred source on Google
The night time industries association has warned of the “irreparable fallout” from the ongoing rail strikes.
The night time industries association has warned of the “irreparable fallout” from the ongoing rail strikes.

Rail union the RMT has rejected an 8 per cent pay rise offered by rail operators, aimed at heading off strikes planned for next week.

“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.

The Rail Delivery Group (RDG), which has been negotiating on behalf of the rail operators, said it had tabled the offer earlier this afternoon after “several weeks of intensive talks”.

Before the RMT rejected the offer, the RDG had urged the union to take “the opportunity to call off planned industrial action and put this offer to its membership”.

A spokesperson from the Rail Delivery Group said it was “a fair and affordable offer in challenging times, providing a significant uplift in salary for staff. If approved by the RMT, implementation could be fast-tracked to ensure staff go into Christmas secure in the knowledge that they will receive this enhanced pay award early in the New Year alongside a guarantee of job security until April 2024.”

The agreement also included reforms that train companies will need to implement in order to put the rail sector on a “sustainable long-term footing” without the need for further rail strikes.

Revenues on the rail network are down post-pandemic as the number of passengers has yet to rebound to 100 per cent of 2019 levels.

Taxpayers contributed almost £2,000 each to subsidise the rail network during the pandemic to avoid job losses.

Hospitality firms in particular have been worried about the impact of strikes in the run-up to Christmas, with the disruption set to cause havoc in what is traditionally a period of heavy foot traffic.

“We urge the RMT leadership to put this offer to its membership and remove the threat of a month of industrial action over Christmas that will upset the travel plans of millions and cause real hardship for businesses which depend on Christmas custom. Instead, we urge the RMT to move forward together with us and so we can give our people a pay rise and deliver an improved railway with a sustainable, long-term future for those who work on it,” a spokesman for the RDG said earlier today.

The RMT has been approached for comment.

Read more

‘We are going to run out’: Mitie marks eleventh mega takeover of 2026

The FTSE 100 enjoyed a 3-year record rally in the third quarter.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics
  • Transport & Infrastructure

Related Topics

  • Railways

Trending Articles

  • Five-star Mayfair hotel hit with HMRC winding-up petition

  • Nottingham Forest owner Marinakis sues Crystal Palace for defamation

  • Back to basics: Sainsbury’s gradual retreat from the British high street

  • Hargreaves Lansdown orders staff back to office

  • As it happened: Intel, Arm shares slide; Oil climbs higher

More from Morning Wire

  • ‘We are going to run out’: Mitie marks eleventh mega takeover of 2026

    Markets
    The FTSE 100 enjoyed a 3-year record rally in the third quarter.
  • Easyjet agrees to £5.7bn Apollo takeover

    Aviation
    EasyJet airplane at airport terminal with passengers boarding, representing airline industry and travel news updates
  • FTSE 100 property giant Segro rejects £13.5bn Prologis bid

    Property
    David Sleath, Chief Executive Officer, delivering a speech at a business conference with a focused expression.
  • Shareholder backlash pushes up low-ball London takeover bids

    Markets
    Over 100 major London-listed companies, including Fevertree Drinks and YouGov, have written to the Chancellor warning that the uncertainty surrounding the future of a key tax relief tied to London’s junior stock market is battering investor confidence. 
  • Thames Water to run out of money by end of the year

    Water
    Thames Water creditors have made a last-ditch offer for a rescue deal.
  • Manchester United issue major stadium update for ‘New Trafford’

    Sport Business
    Manchester United and opponent team players in action during a 1-1 draw, capturing intense moments of the match.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook