NETWORK RAIL STATEMENT ON TSSA DECISION

Monday 19 Apr 2004

NETWORK RAIL STATEMENT ON TSSA DECISION

Region & Route:: National

Network Rail today expressed its disappointment at the TSSA’s announcement that it had rejected its pay offer but acknowledged the reasonable and sensible approach of carrying out a referendum to gauge its membership’s views. Network Rail has already put three inflation-breaking deals on the table. The company has had a good and productive relationship with the TSSA in the past and hopes that a sensible outcome can be reached. John Armitt, Chief Executive said: “Of course we are disappointed that the TSSA have rejected our 3.5% pay offer. We’ve put some good pay offers on the table and have protected present employees’ final salary pension scheme. The alternative pension provision we have put in place for new employees is one of the best in the market.”

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