The RMT union had already rejected a previous offer worth up to £500. That offer was rejected because it didn't address most of the union’s reasons for rejecting yet another earlier offer. RMT stated the money on the table was not enough, they weren't happy with the shift payment increases and believe the offer doesn't reward staff for their work during the run-up to the Games.
"Clearly, moving from offering nothing to the latest offer of £850 is a massive shift on the part of London Underground," RMT general secretary Bob Crow told the Press Association. "The offer will now be considered by our reps and by the full executive before we make a formal response."
Howard Collins, LU's chief operating officer, said: "We have had productive discussions with the unions this week and put forward our proposals about how we can fairly reward staff.
"We have put forward an offer which would see station, maintenance, service control staff and operational managers receive up to £850 for working flexibly during the 2012 London Games, subject to attendance, customer satisfaction scores and agreement from operational staff to work flexibly in order to deliver a successful Games.
"In return we are asking staff to work longer hours at different times of the day, to be prepared to work extra hours and to be more flexible in how and where they carry our their role for us during these crucial weeks. We know our employees want to play their part in delivering a great games for London, so reaching agreement on this will allow all of us to focus on that exciting challenge together."
So will this be third time lucky? One wonders how many offers it will take to keep the RMT powers that be happy.