Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGOG.L Share News (GOG)

  • There is currently no data for GOG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Rail workers' union accepts offer from train operators

Fri, 24th Feb 2023 14:37

(Sharecast News) - Relief from months of railway strikes and industrial action looked to be on the horizon on Friday, as members of the TSSA union accepted offers from train operators.

The union said the agreement covered pay, job security, and conditions, and was supported by a significant majority of members in an online ballot.

It said the two-year pay deal would provide a 5% increase, or a minimum of £1,750, in the first year, and a further 4% increase in the second year.

The agreement also included a commitment to no compulsory redundancies for employees within the grades directly affected by workforce changes until the end of 2024, and a voluntary redundancy scheme offering the terms set out under the RIRG Enabling Framework Agreement in 2021.

TSSA said the grades directly affected by the workforce changes would include all station-based grades, all on-board grades including catering and train crew, all administration grades, all fleet and engineering grades, and all revenue protection and train service controller grades.

The online ballot saw 80% of management grade and 60% of general grade members vote to accept the offers, representing an overall return of 57% of affected members voting.

"This is a clear decision from our members which will end our long-running dispute - something which could have happened months ago had it not been for government intransigence," said a TSSA spokesperson.

"The incredible resolve we have seen from our members has resulted in a significantly improved pay deal over two years, commitments for no compulsory redundancies, improved opportunities for redeployment, as well as full consultation over proposed reforms to ticket offices and any changes to terms and conditions.

"We will continue to hold the train companies and the government to account as we go forward because Britain needs a fully functioning rail network at the heart of our green industrial future, and as a means of rebuilding our economy in the wake of the Covid pandemic."

Despite the acceptance of the offers, TSSA said it was continuing to oppose the proposed closures of ticket offices.

The train companies involved in the agreement included Avanti West Coast; C2C; Chiltern Railways; CrossCountry; East Midlands Railway; Govia Thameslink Railway, including Southern, Thameslink, Great Northern and Gatwick Express; Greater Anglia, GWR; LNER; Northern Trains; South Eastern; South Western Railway; TransPennine Express; and West Midlands Trains.

Reporting by Josh White for Sharecast.com.

More News
28 Jun 2022 19:10

Go-Ahead expects to reduce Norway onerous contract provision

(Alliance News) - Go-Ahead Group PLC on Tuesday said it has reached a new agreement with the Norwegian Railway Directorate, putting its rail contract on "satisfactory footing".

Read more
27 Jun 2022 09:55

LONDON BROKER RATINGS: Credit Suisse cuts Ocado; Liberum ups Whitbread

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
27 Jun 2022 08:23

LONDON BRIEFING: UK financial regulator probes Wise CEO over taxes

(Alliance News) - Money transfers provider Wise on Monday said the UK regulator is investigating its chief executive after a tax breach.

Read more
27 Jun 2022 08:19

RBC Capital Markets lowers Go-Ahead to 'sector perform', raises target price

(Sharecast News) - Analysts at RBC Capital Markets lowered their target price on public transport operator Go-Ahead Group from 'outperform' to 'sector perform' on Monday, stating the risk/reward scenario for the stock now looked more balanced.

Read more
23 Jun 2022 09:42

LONDON BROKER RATINGS: Deutsche Bank raises Rentokil and cuts Intertek

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
14 Jun 2022 17:04

LONDON MARKET CLOSE: US Fed likely to mull 75 basis-point rate hike

(Alliance News) - Stocks in London ended lower on Tuesday with investors seemingly cautious as the US Federal Reserve's policy meeting gets underway as concerns arise that interest rates will be raised aggressively this year in a bid to rein in inflation.

Read more
14 Jun 2022 12:02

LONDON MARKET MIDDAY: Rebound stumbles as US Fed hike jitters grow

(Alliance News) - Tuesday's dead cat bounce didn't live past the morning in Europe, with the FTSE 100 back in the red at midday as investors fret over an upcoming US interest rate decision.

Read more
14 Jun 2022 11:03

SMALL-CAP WINNERS & LOSERS: Go-Ahead rises as bidding war emerges

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

Read more
14 Jun 2022 10:25

TOP NEWS: Australia's Kelsian still wants to bid for UK peer Go-Ahead

(Alliance News) - Kelsian Group Ltd on Tuesday urged the shareholders of Go-Ahead Group PLC to take no action on a rival takeover offer, saying it is in talks with Go-Ahead for a cash bid of its own.

Read more
14 Jun 2022 07:11

Go-Ahead agrees £648m takeover by Kinetic, Globalvia

(Sharecast News) - Transport operator Go-Ahead has accepted a £647.7m takeover offer from Australian bus firm Kinetic and Spanish infrastructure investor Globalvia Inversiones, but a takeover battle could emerge after Kelsian said it was still interested.

Read more
13 Jun 2022 18:17

UPDATE: Go-Ahead chooses GBP648 million bid from Kinetic consortium

(Alliance News) - Go-Ahead Group PLC late Monday announced its agreement to a takeover offer from Gerrard Investment Bidco Ltd, a subsidiary of a consortium consisting of Kinetic Holding Co Pty Ltd and Globalvia Inversiones SAU.

Read more
13 Jun 2022 17:03

LONDON MARKET CLOSE: China lockdown and inflation fears sink stocks

(Alliance News) - Stocks in London ended sharply lower on Monday on fears of a more aggressive campaign of Federal Reserve interest rate hikes which has given rise to concerns the US economy could be sent into recession next year.

Read more
13 Jun 2022 12:01

LONDON MARKET MIDDAY: UK GDP shrinkage fuels growth fears ahead of BoE

(Alliance News) - A worrying reading on the UK economy on Monday compounded market concerns over inflation and aggressive interest rate tightening, as a central bank-heavy week gets underway.

Read more
13 Jun 2022 11:14

SMALL-CAP WINNERS & LOSERS: Go-Ahead bid interest; ProCook falls more

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

Read more
13 Jun 2022 11:01

TOP NEWS SUMMARY: Yen hits 24-year low ahead of central bank decisions

(Alliance News) - The following is a summary of top news stories Monday.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.