TFL directors call emergency meeting due to Coronavirus catastrophic hit on finances
Submitted by Admin on 16 April, 2020 - 21:24Dear RMT members
At 5pm today myself and NEC member Jared Wood attended a Tfl briefing by Directors on the impact of the Corona virus on revenue and finance in Tfl.
Tfl told us that they have been hit catastrophically by the loss of revenue and also are spending £600million every 4 weeks keeping Tfl operating.
Tfl have been in talks with the government on financial support and those negotiations are still in hand.
Emergency company councils have been called tomorrow.