Bus Eireann says the company is facing insolvency in the next 18 months and ‘decisive action’ has to be taken to reverse losses.
The company has informed staff at a meeting today that losses for 2016 are now estimated at €8m.
There has been much speculation today that a report by Grant Thornton on the future of Bus Eireann has recommended the axing of all expressway services.
This means passengers travelling on expressways that go through towns serviced on the Sligo, Donegal, Ballina, Letterkenny and Westport routes to Dublin as well as from Derry and Ballina to Galway will be affected.
While in its statement Bus Eireann is reassuring people that Expressway will continue to be a part of Bus Éireann, and that the challenges to make it more competitive will only be resolved within the overall company structure.
However, According to National Bus and Rail Union North West Representative Damien Healy, who spoke to Ocean FM earlier the implications of taking these recommendations on board would be drastic for the north west: