Posted by: olymponomics | January 31, 2012

Industrial relations and the Olympics

One of the common features of planning for the Olympics is the dependence of host cities on private firms, contractors and public agencies to deliver projects and services on time for the immovable deadline of the opening ceremony. This makes the Olympics vulnerable to labour disputes, leading to possible delays and unanticipated hikes in wage costs. Despite the RMT having negotiated a £500 bonus with Network Rail for its members back in May 2011, an offer to tube staff of up to £500 has been rejected due to its link to specific performance targets. The risk of labour disruptions and last minute wage pressures therefore remains a significant factor in the run up to the Olympics and other major events.

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