Yes.
Unfortunately it is the usual sabre rattling by the RMT, who exist entirely in a bubble, playing out the safety card to get a much money as possible (It's funny how they and ASLEF objected to single manning of High speed trains, before the privatised companies crossed their palms with silver).
As far as I'm concerned this is no better than profiteering companies (to use their words) and in the end it's the Taxpayer who has to cough up.
This game works while it's affordable. Unfortunately, all the signs are, come the general election when the cuts start, it won't be. Get ready for very big cuts, rumoured at 30% plus in the transport budget alone. Rail has already priced itself out of a good deal of re-openings and expansion schemes, which means less jobs.
Be interesting for some RMT member to explain what the obsession is with shareholders and profits. Has nobody explained to them, the reason investors (that could be any member of the public, including them, as well a large scale investors that hold pension schemes) buy shares is to get some sort of return, thus in exchange for giving companies capital to build their business. And if they knew anything about investors, they would know you can go to any AGM and pose questions straight to directors, how ever many shares you own. Surprisingly enough, most shareholders do not want companies to run an unsafe operation, because accidents cost a lot of money both in reputation and straight financial returns.
So if I have £1000, why would I want to invest in rail, considering that every five minutes there seems to be a strike over some bogus safety issue among other things?
If I am a taxpayer, why would I want my money invested in rail if I cannot rely on the service or don't use it?
These are the questions the RMT never seem to want to answer, relying on rail has a right to exist, and passengers and taxpayers will pay at any cost.
I'm not especially left, nor especially right wing, but it never fails to amaze me how these things seem to get politicised like some 1970s class struggle, when the world moved on long ago. I'm not posting because I'm anti-union, pro capitalist or anything else. But I do see an impeding financial squeeze, and I don't think people in any sector quite realise what is going to hit them, least of all on the railways.