Tube unions rejected a number of earlier offers, claiming an offered five-year agreement would leave members “vulnerable to real-terms pay cuts in years when RPI under-estimates the real rise in living costs”.
The new deal, which covers April 2011 to March 2015, includes a guarantee that LU “will not take into account negative RPI, should such a situation occur.”
RMT General Secretary Bob Crow said: “In these days of austerity RMT has once again proved the point that strong trade unionism is the only defence that workers have against attacks on pay and jobs and this offer ranks alongside similar increases that RMT has secured from Network Rail, the train operating companies and other sections of the transport industry.
“The offer now goes to RMT members to have the final say with a strong recommendation from the Executive to accept.”
