Unite union reps for London bus workers were meeting to discuss a new Olympic bonus offer as Socialist Worker went to press.
The bosses had clearly moved from saying there was no money available for a bonus for bus workers. The change of mind followed a successful strike on 22 June.
The latest offer appeared to be for a per-day bonus payment which would cover at least 21 of the 29 days of the Olympics.
The Unite union suspended a planned London-wide bus strike for Thursday of last week for talks. They would have been in an even stronger position had the strike gone ahead.
The move came after Transport for London bosses offered to fund an Olympic bonus by sharing profits made during the games. The devil may be in the detail of the deal.
Initially bus bosses had only offered bonuses for some drivers. So a payment for all drivers will be a step forward. However, whether workers will pay tax on the new bonus offer was unclear as Socialist Worker went to press.
Bus workers have been demanding a payment of at least £600 after tax to compensate for an increased workload during the Olympics and wages lost due to the 22 June strike.
Mass meetings were set to be held on Thursday and Friday of this week. And the next strike day, next Thursday, remains in place.