23 July 2024
RMT Press Office:
RMT Bus workers members on First South West are striking for pay justice - here's why.
We are First South West bus workers on strike for a fair pay deal for the work that we do.
We are amongst the lowest paid transport workers in the region.
Instead of rectifying that First Group bosses found £800k in bonuses for top management from profits generated from its workers.
In spite of extensive negotiations, including sessions facilitated by ACAS, the company has failed to provide an acceptable offer for South West bus workers. This is why we are out on strike today.
First Group's financial results for the year ending March 2024 state that there has been a 'significant increase' in operating profit across its companies to £204 million - up 27 per cent from £161 million last year.
The company has profited from privatised rail and bus services across the country and is recommending an increase in dividends of 45 per cent to its shareholders.
A final dividend per share of 4p is being recommended. This brings the total year dividend to 5.5p per share, a 45 per cent increase compared to last year. If agreed by the AGM, the final dividends totalling £24 million will be paid in August.
Meanwhile, prices have continued to rise at a shocking pace over the last year. The cost of living is becoming unmanageable. Like other workers we need a fair pay rise.
First South West can afford it.
We want an improved pay offer that represents the value our work brings to the company.
All we are asking for is a fair pay rise to keep up with the cost of living. In the absence of that we are left with no option but to strike.
Unity House
Tel: 020 7387 4771
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