RMT reacts to Crown Estate £443m profits

RMT reacts to Crown Estate £443m profits

29 June 2023

RMT Press Office:

The bumper profits which represent a 41% increase, are made up in no small part by BP and Total paying costs associated with offshore wind farms lease tenders.

RMT general secretary Mick Lynch said: “These multimillion pound companies have money to spare for lease tenders but have failed, miserably to ensure that the offshore workers contracted to operate their assets are given a pay rise to reflect the cost of living crisis and high inflation eating away at the value of wages. 

“And as the National Minimum Wage doesn’t even apply on vessels servicing offshore wind farms beyond the 12 mile limit, we also need these lucrative leasing processes to guarantee local supply chain jobs, trade union rights and free re-training to gain an offshore energy passport.

“A proportion of Crown Estate profits should be ring fenced for just transition expenditure so this nebulous concept can be turned into something real that guarantees decent jobs covered by collective bargaining agreements in a growing sector of offshore energy.”


Want to receive updates from us? Subscribe to a mailing list

Tagged with: RMT, Offshore, Mick Lynch, Crown Estate