11 Jun 2012

TfL bosses to get Olympic bonuses of £80,000

Unite has accused Transport for London (TfL) of ' barefaced hypocrisy' following revelations that senior TfL executives are in line to earn Olympic bonuses 160 times more than the award bus workers are demanding. 
According to TfL's unaudited annual report, the top seven staff at the organisation are in line to cash in on two years of annual bonuses worth £560,000 which equates to £80,000 each if the system runs smoothly during the Olympic Games. 
On Saturday Leon Daniels, TfL's Managing Director of Surface Transport, who earns a basic salary of £234,000, condemned bus workers whose average salary is £26,000, for asking for an Olympic award. 
Bus workers are asking for an Olympic award in line with what every other London transport worker will get for the massive increase in workload during the Games. Unite has been urging TfL to intervene since September 2011 to persuade London's bus operators to meet with Unite. TfL has refused at every turn to help resolve this dispute. In a clear sign that bus workers patience has run out they voted by 94 per cent for industrial action.

Revenue up, pay frozen

For 2010/11 revenue for TfL from the buses was £1.3 billion, an 8 per cent year on year increase. Bus workers have endured pay freezes and below inflation increases over the last few years. 2.3 billion bus journeys were taken in 2011/12 – the highest since 1959. Half of all bus journeys taken in England are taken in London.

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