Government bails out the bosses - what about the workers?
Submitted by Brian Munro on 29 October, 2008 - 12:10From the Bakerloo branch newsletter
Capitalism is in crisis: world markets collapse, banks are part nationalised and the government bails out big business to the tune of billions of pounds. Naturally the talk in the mess room is "what's happening with the pay negotiations?"
It is entirely rational that workers on the tube want to safeguard our livelihood during this time. Many workers will be mortgaged up to the eyeballs and seeing their homes sink into negative equity on a daily basis.
But will London's tube workers be treated as favourably as London's bankers?