September 05, 2007

Happy to not be in London

For once I’m actually glad for not being in London. Just earlier today the union leaders for London's underground suspended a strike that started on Monday night and more or less paralysed the network.

The strike began as a result of the collapses of the privately own Metronet that maintains most of the network. The company went into administration in July after running out of funds and therefore could not assure jobs and pensions for over 2300 workers.

Analysts say the estimated cost of the strike London’s businesses has been some 50 million pounds (100 million dollars) a day. Yikes! The rail network really is the hub of all business in London.

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