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28-Mar-08 11:15 [Pay and Reward]
Train drivers strike called off
A draft agreement has been reached with the union Aslef and drivers will now vote on the deal next month.

"The industrial action planned for next week on South West Trains has been suspended following a formula agreed between negotiators for the company and ASLEF, the train drivers' union," a statement from Aslef said.

It continued to say that there will be a referendum of Aslef members working for South West Trains to "judge its acceptability".

South West Trains has defended its original pay offer saying the deal of a 4.5 per cent increase was "very good".

Strike action by the train drivers would have severely affected services from the south coast to Waterloo station.

Aslef represents 18,500 members and is the trade union for train drivers.




08-Jan-09 [Europe, Middle East and Africa]
Irish pension funds 'lose £25bn in three months'
The last 12 months have proven to be a very painful time for pension funds in Ireland, according to an investment consultant service's research this week. Find out more>
In response to a worsening situation on the high street, major retailer Marks & Spencer (M&S) has announced 1,200 job cuts and big changes to the current final salary pension scheme they offer. Find out more>
08-Jan-09 [Pay and Reward]
Over 5m 'working unpaid overtime'
The value of the hours of unpaid overtime in the UK is £26.9 billion, according to the Trades Union Congress (TUC). Find out more>

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Printed: 09 January 2009