A U.K.-wide rail strike slated for Thursday has been called off following a sweetened pay offer from train-track and stations owner Network Rail Ltd.
The 24-hour walkout was suspended after a package including a 2 percent salary boost for 2015, backdated to Jan. 1, and no compulsory job cuts before 2017 was received following talks brokered by the Advisory, Conciliation and Arbitration Service, the Rail, Maritime and Transport Union said Monday.
The new offer, an improvement on previous proposals that also pledges a pay raise from Jan. 1, 2016, based on the rate of inflation this November, will be presented to members on Friday, the RMT said in a statement. A further two-day strike scheduled for next week has also been called off.
“Following extensive ACAS talks throughout the weekend, RMT has now received a revised offer that enables us to suspend the planned industrial action,” RMT General Secretary Mick Cash said in the release.
The union said it also agreed to participate in a savings project, while securing a 28-day extension to a strike ballot mandate that now remains “live” until July 6 “should it be necessary to put action back on.”