Train drivers accept pay deal bringing end to strikes in England

Published On Sep 18, 2024, 7:28 AM

Train drivers in the UK have voted to accept a new pay deal proposed by their union, Aslef, effectively ending over two years of strikes that caused significant disruptions. The agreement includes pay raises of 5% for the 2022-23 period, 4.75% for 2023-24, and 4.5% for 2024-25, alongside an assurance that working conditions will not change. The deal was favored by 96.6% of voting union members, marking a historic resolution to the longest train drivers' strike in UK history.

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The resolution of the strike is likely to lead to improved operations and service reliability for the railway companies, which may positively impact their financial performance in the near future. Additionally, it demonstrates a favorable labor environment under the new Labour government, which could attract more investment into the sector.

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