Type
Internal restructuring
Country
Ireland
Region
Location of affected unit(s)
Across Ireland
Sector
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49 - Land transport and transport via pipelines

320 jobs
Number of planned job losses
Job loss
Announcement Date
20 January 2009
Employment effect (start)
Foreseen end date
31 December 2010

Description

State-owned company Bus Éireann, which is part of the CIE public transport company, has announced 320 redundancies among its 2,700 workforce, and a reduction in its bus fleet of 150. The national bus company said the measures were necessary to restore its finances to break-even level by the end of 2010 due to what it described as 'a very challenging economic environment'. In addition, the internal restructuring plan incorporates a wage freeze up to the end of 2009 as well deferring payment of the terms of the Towards 2016 national wage agreement.


Sources

Citation

Eurofound (2009), Bus Eireann, Internal restructuring in Ireland, factsheet number 67901, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67901.