From The Horse's Mouth ...
Submitted by Admin on 23 February, 2009 - 15:22TfL Commissioner Peter Hendy's circular to all TfL staff on 2 December 2008 spelt out the company's cost-cutting agenda and plans to slash jobs ...
"Our 10-year Business Plan sets out our plans for multi-billion pound transport investment. This year, the Operating Cost Review team has been working with the business to identify opportunities to make the £2.4 billion savings we need to deliver our commitments within the available funding levels.