Bus Eireann staff face pay cuts and job losses if they don’t accept restructuring
BUS Eireann’s 2,500 staff face pay cuts and job losses if they do not accept cuts to their overtime, holidays and sick leave.
The company has announced a plan to slash €20m from its costs each year and ensure it is profitable again by next year.
It aims to save €9m by changing employees' existing terms and conditions.
Among the proposals are cuts to their overtime, holidays, premium payments, expenses and sick leave and an increase in the working week
Career breaks will also be offered to staff under the five-year plan, which still has to be negotiated with unions.
However, Bus Eireann has set a deadline of August 13 for the talks.
The semi-state company said it faces potential annual losses of €16m due to a 20pc fall in customer numbers, cuts in state subsidies, increased competition and a €4m hike in fuel costs.