Train companies 'make £310m profit after being put on new contracts', union claims

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The union said official data showed private train operators made £310 million in taxpayer-funded profits between March 2020 and September 2022, when rail workers had their pay frozen 🚆 By September this year, the figure will be in excess of £400 million

Freelance reporter and late editorhave made hundreds of millions of pounds in profits since the Government put them on new contracts at the start of the pandemic, a union claims.

By September this year, the figure will be in excess of £400 million, which could be turned into shareholder dividends, the union claimed. The union has rejected a pay offer from train companies of 4% last year and 4% this year, saying a “host of unacceptable changes” were included such as the widespread expansion of driver only operation on train services.

They follow walkouts from members in December, which caused chaos across the nation in the run-up to Christmas.

 

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