Planned rail strikes by workers from the Rail, Maritime and Transport (RMT) union set to begin later this week, have been suspended after Network Rail offered a 2% pay rise.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The decision comes after four days of intensive talks between Network Rail, and the RMT, TSSA and Unite unions over an ongoing dispute over pay, working practices and job security at the track operator.

The UK’s Advisory, Conciliation and Arbitration Service (ACAS) has helped the parties meet a common point with revised proposals.

The new proposal would see a 2% pay rise, effective retrospectively from January this year, followed by another rise in line with Retail Price Index (RPI) inflation next year, based on the November 2015 figure.

"The UK’s Advisory, Conciliation and Arbitration Service (ACAS) has helped the parties meet a common point with revised proposals."

Additionally, Network Rail and the trades unions agreed to participate on the basis of joint working in an Efficiency and Improvement Project (under the auspices of ACAS), to deliver savings.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

See Also:

Network Rail CEO Mark Carne said: "I am very pleased that the industrial action has been suspended. With ACAS’s help, we have had very constructive talks with the unions over the weekend and I hope they will be able to agree this deal."

As part of the discussions, a comprehensive job security package will be agreed by Network Rail and the Unions within the next six months.

RMT general secretary Mick Cash said: "Following extensive ACAS talks throughout the weekend, RMT has now received a revised offer that enables us to suspend the planned industrial action while we consult in full on the details of the revised package with our Network Rail representatives."