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Staff on six-figure salaries at TfL jump by 72%  

Published 14/06/2024, 13:32
© Reuters.  Staff on six-figure salaries at TfL jump by 72%  

Proactive Investors - Over 1,300 workers at Transport for London took home more than £100,000 last year, reports have revealed.

With the government agency having dished out two years of bonuses in the last twelve months, a total of 1,319 workers were paid a six-figure salary, marking a 72% rise compared to the prior year's 766 employees.

Bonuses at TfL had been placed on pause to allow the transport organisation to achieve "financial stability" during difficult periods during the pandemic.

This week, Mayor Sadiq Khan hailed the group's "remarkable achievement" of closing out the 2024 financial year with a surplus of £138 million.

The extra cash is expected to go back into the running of the TfL, but the government is still required to help fund larger projects such as the upgrading of Picadilly Station or extending the DLR in south-east London.

Read more on Proactive Investors UK

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