It won't stop strike action currently taking place. Transport for Wales is not involved in the industrial action taking place on Friday and Saturday because the dispute is between the unions and Network Rail.
The overall deal includes a base line pay increase of around 4.5 per cent, with different parts of the organisation subject to different pay models.
James Price, TfW's chief executive, said: “We are extremely pleased to have reached a deal with all our partners in the industry trade unions – ASLEF, RMT, TSSA and Unite. We’re continuing to work in collaboration with our trade unions as we build our social partnership model offering benefits for all.
Natalie Feeley, the TSSA's regional organiser for the Western Region, added: “After sometimes negotiating in challenging circumstances, TSSA is pleased that we have been able to secure a good deal for our members. This is testament to the social partnership approach which we actively embrace and promote in all of our dealings with the company.”
Mick Lynch, general secretary of the RMT said: “RMT is very committed to achieving a fair deal for all rail workers. The TfW recognition of the strong RMT mandate in this area helped us make good progress. Welsh Government have clearly shown that rail disputes can be avoided by meaningful negotiations.”
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