rolling stock companies - 14 Items Tagged Within News

Rail rolling stock company turns taxpayers’ money into dividends
Angel Trains, one of the three ROSCOs who lease trains to the train operating companies, has a parent company registered in the tax haven Jersey, named Willow Topco but, as a result, it’s difficult to see it’s accounts.  However, on...
Region: National
Tagged with: Angel Trains, Rolling Stock, ROSCO, RMT, Mick Lynch
Railway rolling stock fat cats paid out £1 billion
Rolling stock fatcats paid out nearly £1 billion in dividends at taxpayers’ expense last year, the RMT revealed today in a new report, the equivalent of half the £2 billion in fares paid by passengers and or 23% of the £8.3...
Region: National
Tagged with: ROSCO, Angel, Eversholt, Porterbrook, Rolling Stock, Covid-19
New figures show the reality of the Great British Rail Rip Off
Ahead of the government announcing rail reforms this week rail union RMT says that new figures show the reality of the Great British Rail Rip Off as a train owning company pays out a £46.5 million dividend funded by Government...
Region: National
Tagged with: Eversholt, ROSCO, Rolling Stock
RMT research reveals COVID corporate cash grab scandal
As the Government increases passenger rail fares by 2.6% today, new research by RMT reveals that the private train operating and rolling stock companies’ profits from last year stand to be equivalent to 15 pence of every pound passengers paid on fares...
Region: National
Tagged with: Covid-19, TOC's, Train Operating Companies, ROSCO's, Rolling Stock Companies, EMA, Emergency Measures Agreement, ERMA, Emergency Recovery Measures Agreement, DfT, Privatisation, Tory Government
The ROSCO racket
New RMT research has revealed that the private companies responsible for supplying trains to the railways have been paying massive dividends to their shareholders – money that could have funded hundreds of new vehicles – while shuffling money away into...
Region: National
Tagged with: rosco, rosco racket, rolling stock companies,
Industrial action at Wabtec suspended
RAIL UNION RMT confirmed today that it has suspended industrial action that was due to start tomorrow at Wabtec Faiveley UK (Rail Doncaster). This is because an improved pay offer has been made, therefore the union is suspending the upcoming...
Region: North East
Tagged with: wabtec, wabtec faiveley uk, rolling stock, pay, strike
RMT announces strike action at Wabtec Faiveley UK
RAIL UNION RMT has announced strike action at engineering firm Wabtec Faiveley UK (Rail Doncaster) in a dispute over pay. Wabtec build and maintain rolling stock for train and freight operating companies. Following a strong mandate for action in a...
Region: North East
Tagged with: wabtec, wabtec faiveley uk, rolling stock, pay, strike
RMT exposes new £1.2 billion privatised rail rip-off
These three companies paid £1.2 billion in dividends to their shareholders between 2012 and 2018, enough to fund 700 new vehicles, while figures on inter-company lending suggest that this is just the tip of the iceberg. ‘The ROSCO Racket’ shines a light on...
Region: National
Tagged with: rosco, rolling stock companies, transport secretary, grant shapps, tory governmrnt,
RMT on Government announcement on HS2 fleet procurement
“RMT hears what the minister has said this morning about creating skilled, engineering jobs as a result of this major new fleet contract and the union intends to hold the Government to that pledge and we will be seeking cast-iron...
Region: National
Tagged with: hs2, procurement, fleet, rolling stock, rail
RMT statement on Piccadilly Line
"An enhanced system check for door engine failures will be introduced with immediate effect . RMT reps will continue to take part in additional investigations on the failure this morning. "The case for continued safe operation has been issued by the...
Region: South East and Anglia
Tagged with: london underground, lul, piccadilly line, rolling stock
Rolling stock crisis on Piccadilly Line
A rolling stock crisis on the Piccadilly Line, London Underground’s fourth busiest line transporting an average of 600,000 people a day, has led to two days of severe delays for passengers as warnings from tube union RMT about the state of...
Region: South East and Anglia
Tagged with: piccadilly line, london underground, rolling stock,
RMT slams train overcrowding scandal
September 9th 2015 IMMEDIATE   RMT SLAMS TRAIN OVERCROWDING SCANDAL WHILE ROLLING STOCK COMPANIES MAKE A FORTUNE   Rail union RMT today blasted the “gross profiteering at public expense” on Britain’s railways as the official  overcrowding report was published today: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/459330/rail-passengers-crowding-2014.pdf...
Region: National
Tagged with: overcrowding, rolling stock companies
RMT on Rail Rolling Stock Crisis
General Secretary Mick Cash said; "The crisis in availability of rolling stock , as passenger demand for rail services surges ahead, is just part of the toxic legacy of two decades of rail privatisation which created the murky world of the...
Region: National
Tagged with: rolling stock, crisis, financial times
Overcrowding exposes lethal consequences of axing guards
In an interview with the Financial Times, Alistair Gordon, boss of Keolis which runs TPE, admitted that passengers simply cannot get on to trains and that he recently saw a passenger faint due to the consequences of overcrowding, The boss...
Region: National
Tagged with: northern, transpennine express, keolis, chiltern, guards, overcrowding, rolling stock