Tube staff are set for pay rises of up to 10 per cent after Sadiq Khan found an additional £30m to boost salaries on the London Underground.
The mayor found the extra cash at the 11th hour to prevent 10,000 members of the RMT union going on strike for a week at the start of January.
Under the terms of the deal subsequently negotiated between Transport for London and the four Tube unions, all 16,000 Underground staff stand to receive a basic five per cent, backdated to the start of the 2023 pay year, plus an additional £1,000 lump sum.
This means the total increase for the lowest-paid workers – normally those on frontline duties in stations and platforms – will be worth between eight and 10 per cent.
Tube drivers, who already earn in excess of £60,000, will see their pay increase by about 6.6 per cent.
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The RMT and Aslef, the two main unions, have accepted the deal. The outcome of referendums held by TSSA and Unite are due next week.
Workers earning less than £40,000 a year will receive an additional payment on top of the £1,000 “consolidated payment”.
The RMT said progress had also been made towards “enhanced travel facilities on national rail services”.
RMT general secretary Mick Lynch said: “Only through our members fortitude and commitment to an industrial action mandate have we managed to secure a negotiated settlement.
“Strong organised trades unionism where members are prepared to take action gets results.
“We will now seek to address the issue of pay bands and staff travel in this year’s pay round.”
The unions now expect to open fresh talks with TfL over a 2024 pay rise.
However a separate pay strike on the London Overground, which is set to disrupt services next Monday and Tuesday, remains on. The RMT is seeking an above-inflation pay rise.
Mr Khan said the dispute on the Overground was between Arriva, which operates the lines and stations for TfL, and the RMT, and did not involve TfL. However he said he hoped a compromise could be reached.
The RMT said it remained in dispute with TfL over the threat to jobs and pensions on the Underground.
It is understood that TfL will be unable to award the increase until all four unions have accepted the deal – but the hope is that this will be achieved next week.