Bus Éireann has warned that it could face insolvency by May and difficult decisions will have to be made urgently to avoid that prospect.
Speaking at the Workplace Relations Commission after the breakdown of talks with unions, Acting CEO Ray Hernan said that losses had continue to increase in January by 1.5m.
If that continued, he said, the company would be insolvent sometime during the month of May.
He acknowledged that the company had sought 12m payroll savings as part of an overall plan to achieve long-term competitiveness but stressed that immediate savings were required.
He said he was sorry to say it but that there was going to have to be pain taken by Bus Éireann staff.
Mr Hernan said that apart from the three route…
Read the full article at: https://www.rte.ie/news/2017/0221/854155-bus-eireann-dispute-back-at-wrc/