Train services across the UK continue to be significantly affected as Aslef union’s strike action enters its third day, creating the longest rail sector strike in recent history over disputes concerning pay and working conditions.
Passengers across the UK are experiencing major disruptions for the third consecutive day due to ongoing strikes by members of the Aslef union, affecting several train operators including LNER, TransPennine Express, and Northern Trains. The strikes, part of a dispute over pay and working conditions, have led to the longest industrial action in the rail sector’s history. The Rail Delivery Group has urged Aslef to return to the negotiating table in hopes of resolving the issue. Meanwhile, Mick Whelan, general secretary of Aslef, stated that train drivers have not received a pay rise in five years and remain committed to their cause. LNER and Northern Trains are operating on a reduced schedule, and TransPennine Express has advised against travel on the days of strikes.
In corporate news, Wood Group has rejected a £1.4 billion takeover offer from Dubai’s Sidara, citing undervaluation. This announcement came amidst broader concerns about the low valuation of UK-listed companies. Additionally, TSB has announced plans to close 36 branches and reduce its workforce by 250 jobs in an effort to adapt to evolving customer banking preferences.
On an international scale, AstraZeneca is discontinuing its Covid-19 vaccine globally due to an excess of more current vaccine versions. The company had already voluntarily pulled its marketing authorisation in the EU earlier this year.
In other news, BrewDog’s co-founder James Watt has resigned after 17 years, transitioning leadership to a new CEO as part of the company’s management restructure.
Lastly, the UK’s Competition and Markets Authority has reported inaccuracies in grocery store pricing, affecting consumer costs, and adding another layer to the challenges within the retail sector.
