Unions at Bus Eireann say it's time to 'stand up and fight'.
They look set to strike from next week, after talks at resolving the cost cutting issues at the WRC broke down.
The board of the company announced their plans earlier today and confirmed that immediate cost savings would be implemented from Monday.
In a statement, Bus Eireann has said:
"Due to the perilous state of the Company’s finances and the failure to reach agreement with unions at the Workplace Relations Committee (WRC) last week, the Board of Bus Éireann considered the matter in detail at its meeting today and approved proposals for immediate cost savings to be implemented from Monday, March 6th.
"These measures are vital to ensure that the Company remains solvent, and can continue to trade as a going concern.
"The Company must deal with its challenges directly, and the Board have a duty to ensure Bus Éireann is financially sustainable and therefore must take the necessary steps to secure this.
"Further dialogue aimed at urgently resolving these challenges would be welcome."
