379 Tube staff earn £100,000-plus
Monday 27 June 2011
The number of staff at Transport for London earning over £100,000 a year has increased to 379, new figures showed today.
The transport organisation said the increase followed the takeover of maintenance giant Tube Lines and an increase in staff earning six figures salaries at Crossrail, the multi billion pound project to build a new rail route through the capital.
A number of TfL employees also left in the last financial year with severance payments of over £100,000, according to the annual report and accounts today.
TfL said the "baseline number" of staff on six figure salaries last year was 196, two more than in the previous 12 months.
TfL pointed out that salaries of senior staff were frozen for the second year in a row in 2010/11 in recognition of the difficult economic climate.
Transport commissioner Peter Hendy, and all chief officers, declined their performance awards for 2009/10, the report showed.
Mr Hendy's salary was £330,000 and managing director Mike Brown was paid £283,000.
The annual report said a £7.6 billion savings and efficiency programme had been identified, with £4.6 billion achieved by 2017/18.
Despite an 8% reduction in its budget following the Government's spending review, TfL said "unprecedented" levels of investment had been maintained in upgrades, extensions and frontline services.
London's transport network is carrying record numbers of passengers, which are set to increase further, said the report.
Boris Johnson, Mayor of London and chairman of TfL, said: "Despite the toughest economic climate in decades, we have secured unprecedented levels of investment in London's transport network and there have been record numbers of passengers carried.
"It is absolutely imperative now that we continue in this vein, improving the reliability of our transport network and increasing capacity and I know that TfL staff are up for this challenge."
Rail, Maritime and Transport union leader Bob Crow said: "We will take no lectures on pay restraint and job cuts while the top layers of TfL are so clearly awash with cash. It is RMT members who are out there day in and day out delivering the success for the company and we expect them to have both the resources and the rewards that they deserve for transporting growing number of people around this City as the clock ticks down towards the London Olympics."
- 1 Video of Irish 'professional boxer' fighting Istanbul neighbourhood goes viral in Turkey
- 3 Toby Sheldon: Justin Bieber lookalike found dead in motel room
- 4 A pint of water every day is the key to losing weight, scientists say
- 5 Russia 'accidentally reveals' number of its soldiers killed in eastern Ukraine
Video of Irish 'professional boxer' fighting Istanbul neighbourhood goes viral in Turkey
Nazi gold train: 'Significant' discovery made in Poland
Toby Sheldon: Justin Bieber lookalike found dead in motel room
Russia 'accidentally reveals' number of its soldiers killed in eastern Ukraine
Newborn baby dies after being attacked by rats in hospital
Dresden riots: Protesters in Germany attack refugee buses shouting 'foreigners out'
France train shooting: US soldiers speak of the moment they stopped gunman and 'beat him until he was unconscious'
Labour leadership: Jeremy Corbyn accused of 'deluding' young supporters with 'claptrap'
'Women only' train carriages: Jeremy Corbyn unveils radical move to tackle public harassment
Black holes are a passage to another universe, says Stephen Hawking
Iain Duncan Smith calls for urgent ESA overhaul as part of drive to cut down welfare costs
£13000 - £25000 per annum: Recruitment Genius: Would you like to be part of a ...
£19000 - £23000 per annum: Recruitment Genius: This IT and Telecoms company ar...
£23000 per annum: Recruitment Genius: The Visitor Fundraising Team is responsi...
£30000 - £35000 per annum: Recruitment Genius: This is an opportunity to join ...