Bus Éireann’s Acting Chief Executive Ray Hernan has told staff that the threat of insolvency within the next 18 months is very real, but that the loss-making Expressway service will continue to be a part of the organisation.
A report commissioned by Grant Thornton had recommended that Expressway be shut down, which could result in up to 516 redundancies, due to the severe financial challenges facing the company.
However in a letter to staff issued this afternoon, Mr Hernan said the company is facing losses that are not sustainable and decisive action is required, with a change to the current business model.
He notes that although passenger growth on Bus Éireann services outperformed the public transport market in 2016, the com…
Read the full article at: https://www.rte.ie/news/2017/0111/844179-bus-eireann/