London Transport lobs worth £70 a week
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THE AVERAGE gross weekly earnings for London Transport drivers and conductors is £70.06; 12.5 per cent of this sum comes from overtime, 5 per cent from payment by results and 11.9 per cent from shift premia—a total of 29.4 per cent.
The percentages of em ployees receiving those payments are 68.5, 95.4 and 99.2 per cent respectively, according to figures revealed by Incomes Data Report (February).
Preparations are in progress for negotiations on the next pay agreements due in April but—before the bargaining starts—incomes policy complications have appeared which will offset part of the E6 allowed.
This arises from the terms of the current cost-of-living indexation formula which pushed up by a total of 131 per cent base pay rates established by the April 1975 agreement.
The national pay policy rules require offsets to be made against the E6 for forward commitments, entered into before pay controls were introduced. Hence, increases in basic pay resulting from the indexation rises and any rise in earnings from premium rate multipliers on a higher basic must be taken into account.
London Transport bus crews received cost-of-living payments in October 1975 and January this year.