29 April 2016
RMT Press Office:
Rail union RMT responds to reports of mounting financial losses on Virgin East Coast franchise.
General Secretary Mick Cash said
“RMT is deeply concerned at the financial position of the Virgin East Coast franchise and the service is awash with rumours of serious losses mounting up. That position appears to be confirmed in the company’s financial returns.
“It is important to remember that the private sector have already failed twice on this line and that a highly successful and profitable public operation was kicked out to open the door for Virgin/Stagecoach to take over.
“RMT will fight to defend our members jobs and conditions in light of this latest threat and the union is demanding urgent meetings to obtain details on the real financial position.
“The East Coast should never have been re-privatised. It was an ideologically driven gamble by this right wing government which RMT always said would come back to haunt them. RMT will continue to fight for public ownership of the railways and an end to the speculation and racketeering of privatisation.”
Ends