Why do TfL train drivers get paid so much?
Why do TfL train drivers get paid so much? Most salary levels are just based on supply and demand economics really. What makes tube drivers different is the ability of their unions to make the supply of drivers extremely tight (and thus drive up their pay).
Are French trains profitable?
The state-owned company's net profit of €2.4 billion is to be used to modernize the network and reduce the company's debt.
What benefits do tube drivers get?
During training, which lasts 12-16 weeks, trainee drivers earn £32,375( ?32,62,853) during their training. Drivers also get free travel around London for them and a companion, and can retire on a pension at the age of 50. Overtime rates are approximately £36 per hour(?3,628).
Is TfL a good employer?
TfL has an overall rating of 3.8 out of 5, based on over 47 reviews left anonymously by employees. 86% of employees would recommend working at TfL to a friend and 57% have a positive outlook for the business.
How much do Elizabeth line drivers get paid?
The average MTR Elizabeth line salary ranges from approximately £72,690 per year for a Train Driver to £72,690 per year for a Train Driver. MTR Elizabeth line employees rate the overall compensation and benefits package 4.2/5 stars.
Is it hard to become a tube driver?
There are stringent tests and assessments for candidates for London Underground train driver jobs. The application process includes an online multiple-choice test, an assessment centre, a group test, an English test and various other assessments. After passing these tests, you can proceed to a face-to-face interview.
How many hours do tube drivers work?
What hours do they work and how much holiday do they get? Drivers usually work 36-hour weeks and have 43 days of annual leave, including bank holidays. Shifts can start as early as 4.45am and end as late as 1.30am. The drivers cannot drink alcohol for eight hours before a shift starts.
Is tube driver a good job?
If you are a person who likes to work with some independence and isolation where your boss is not always watching you then it could mean interesting to you. This is a well paid job of driving a tube and the training support is there.
Are tube drivers overpaid?
Do London tube drivers seem overpaid compared to other countries? Their average salary is 60-70K, with some paid over 100K. Firstly, let's debunk a few myths here, mainly the BS reported by the Daily Mail & Evening Standard. A full time driver on London Underground earns a salary of just over £55K a year.
What is the maximum train driver salary UK?
If you're a newly qualified train driver, you may be wondering what salary you can expect to earn. The salary range for train drivers in the UK typically starts at around £22,600 per year and can go up to £71,000 per year.
What is the problem with the TfL money?
TfL's finances were wrecked by the coronavirus pandemic, with its budget mostly dependent on tube fare revenue. Ridership sank to 4% of normal levels in 2020 and has only recovered to around 70% of 2019 weekday levels.
Does the TfL make money?
fares income, which is TfL's largest source of income (£4.9 billion); other income, including from commercial activity and income from the Congestion Charge (£1.2 billion); grants, including business rates (£3.4 billion); and. borrowing and cash reserves (£0.9 billion).