THE board of Bus Éireann has said it is open to "time-limited" talks with unions to address its "perilous" finances as it makes a last ditch bid to avoid an all-out strike.
It said management outlined a number of cost-saving options that could be urgently implemented at a meeting this morning.
However, it said before implementing these, it has sought written clarification from unions in relation to their position.
"Subject to this clarification, which is expected today, there may be an opportunity to re-engage in time-limited talks," it said in a statement.
"The board will re-convene again to approve the implementation of cost saving measures, which must be taken to avoid the risk of insolvency."
Acting Chief Executive Ray Hernan has warned that the company could go bust in May.