Olympic pay deal for Tube drivers edges closer
Here's an extended version of the TV piece I have done on the latest Olympic pay deal for Tube drivers.
London Underground (LU) have said that Tube drivers have agreed a pay deal for the Olympics next summer.
On the surface, it looks better than the £500 payment agreed with Network Rail employees.
On the Tube, they'll get a £500 bonus for working during the Olympics and Paralympics but they will also get increased overtime payments.
It is complex but I'm told it roughly means double time for overtime - then double time and a bit for working after 01:30.
According to the unions, that could mean a driver could earn £1,800 extra on average. Some could earn much more.
We're told it doesn't include a no-strike deal.
The RMT executive have yet to sign it off and they say they are looking for a deal that covers all employees not just drivers. However, LU believe it's a done deal.
Next up, there is the annual pay deal to get sorted...