Central Line strike planned for election day suspended as union officials hold talks with Tube bosses May 4, 2021 A Central Line strike planned to coincide with the Mayoral election this week has been suspended. The Rail, Transport and Maritime (RMT) union had previously called for industrial action following the “victimisation” and subsequent sacking of tube driver, and union rep, Gary Carney. However, today union bosses told members at Leytonstone, Loughton, West Ruislip and [...]
Central line tube strike expected on polling day April 30, 2021 A 24-hour long Central line tube strike is expected to go ahead on 6 May, a date that coincides with polling day for London’s mayor elections. Central line train operators, Night Tube train operators and instructor operators at Leytonstone, Loughton, West Ruislip & White City Traincrew Depots will take strike action by not booking on [...]
Rail union gears up for strike action amid fears of 10,000 job cuts April 19, 2021 The UK’s rail union is preparing for industrial action over fears that thousands of rail workers lose their jobs in the coming months. The RMT said that Network Rail had made plans that would result in “thousands of job losses by this September and a wholescale dilution of safety standards, including a halving the frequency [...]
Eurostar in crunch talks with lenders over £400m debt pile March 28, 2021 Eurostar is in emergency talks with its lenders to avoid collapse as the deadline for the repayment of its £400m debt pile nears. Passenger numbers on the Eurostar have plummeted 95 per cent since March as coronavirus restrictions have battered international travel. The service is currently running just one service a day to both Paris [...]
TfL accepts emergency funding extension until May March 22, 2021 Transport for London (TfL) has this morning agreed to an emergency seven week extension to its current funding deal to keep it going amid the pandemic. The transport network had been hoping to strike a long-term funding agreement with the government to begin fixing its finances, but last week transport secretary Grant Shapps pulled the [...]
Eurostar ‘in advanced talks’ with UK and French governments over state-backed loans March 17, 2021 Eurostar is reportedly in advanced talks with the UK and French governments to secure state-backed loans after passenger numbers tumbled during the pandemic. The head of French rail group SNCF, which is the largest shareholder in Eurostar, said it needs to finalise the deal by next month to help it survive the rest of the [...]
Government must get people back on public transport to drive green recovery, says Go-Ahead boss March 11, 2021 Encouraging people to get back on public transport when the current Covid restrictions are lifted is vital to the government’s net zero plans, Go-Ahead chief executive David Brown has said. Speaking to City A.M., he said that the future of the country’s public transport providers was bound up with “where the government wants to go [...]
Eurostar collapse would be ‘disastrous’, warns RMT February 9, 2021 The UK’s biggest union for transport workers, the RMT, has today warned the government that failing to support the Eurostar would be “disastrous” for the country. The union has launched a petition calling on transport secretary Grant Shapps to “urgently agree” assistance for the cross-Channel rail link. However, all the signs so far suggest that [...]
The City takes fresh Brexit hit as carbon futures trading heads for Amsterdam February 9, 2021 Trading of European carbon futures will move to Amsterdam from London in the coming months, Intercontinental Exchange (ICE) announced last night. The move is another setback for The City and the latest sign of activity leaving London for the bloc following Brexit. The City has been largely cut off from the EU since 1 January, [...]
In-demand G4S hails ‘strong’ last quarter as takeover deadlines loom February 9, 2021 Security firm G4S this morning hailed a “strong” fourth quarter as the bidding war for the outsourcer approached its conclusion. The FTSE 250 firm said that it had achieved an “exceptional commercial performance” in the final period, with new and retained contracts worth £5.5bn. In a trading update, G4S said its cash flow benefited from Covid-19 payroll [...]