London’s subway system is grinding to a halt as Underground staff go on strike
LONDON (AP) — Thousands of London Underground staff on Sunday began a series of strikes over pay and conditions that threaten to shut down the subway system used by millions of people a day.
The Rail, Maritime and Transport Union said its members, including drivers, signalers and maintenance workers, will walk out at various times through Thursday.
Transit operator Transport for London said services were severely disrupted on Sunday and there are expected to be few or no trains running Monday through Thursday.
The company says it has offered staff a 3.4% pay increase, but the union is holding out for a reduction in the working week from 35 hours to 32 hours. TfL says it can’t afford that.
The union argues that the number of people working on the Underground has been cut by 2,000 since 2018, “and our members are feeling the strain of extreme shift patterns.”
No talks between union and management are currently planned, and the union called on Mayor Sadiq Khan to intervene to end the dispute.
Before you make your next trade, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now…
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
