Tube staff offered £850 Olympic pay
The Rail Maritime and Transport (RMT) union had declared a dispute with LU after lack of progress over an Olympic payment, but there have been talks this week at the conciliation service Acas.
General secretary Bob Crow said: "Clearly moving from offering nothing to the latest offer of £850 is a massive shift on the part of London Underground. The offer will now be considered by our reps and by the full executive before we make a formal response."
The RMT has struck several deals with rail companies for extra pay during the London Games this summer, including a bonus of £500 for staff at Virgin Trains and Network Rail, £600 for London Overground workers and an agreement with Docklands Light Railway which union officials said could be worth up to £2,500.
The union is balloting hundreds of administrative staff it represents at Transport for London (TfL) for industrial action over "severely restricted" annual leave during the Games. It also said it wanted employees at Tube Lines, now a subsidiary of TfL, to be able to join the company's pension scheme and receive the same travel concessions as other staff.
Howard Collins, LU's chief operating officer, said: "We have had productive discussions with the unions this week and put forward our proposals about how we can fairly reward staff.
"We have put forward an offer which would see station, maintenance, service control staff and operational managers receive up to £850 for working flexibly during the 2012 London Games, subject to attendance, customer satisfaction scores and agreement from operational staff to work flexibly in order to deliver a successful Games.
"In return we are asking staff to work longer hours at different times of the day, to be prepared to work extra hours and to be more flexible in how and where they carry our their role for us during these crucial weeks. We know our employees want to play their part in delivering a great games for London, so reaching agreement on this will allow all of us to focus on that exciting challenge together."
Lee Jones, operations director for Tube Lines, said: "We have been discussing this issue with our trade unions for some time, and we will continue to try to find a way forward through constructive discussion. We would urge the RMT to withdraw its threat of a strike ballot, which will not achieve anything."
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