Oireachtas Joint and Select Committees

Thursday, 18 July 2013

Joint Oireachtas Committee on Transport and Communications

CIE Group Financial Situation: Discussion with Group Management

3:30 pm

Ms Vivienne Jupp:

Yes, the picture has been grim, but at this stage we have stabilised it and our objective is to turn our finances around. In order to succeed we must drive more passengers onto the public transport system. All of our activities are focused on that, in addition to finalising the union negotiations that are currently in play. I hope we will succeed. As I said at the very beginning, we are examining the strategy of each of the individual companies and that of the group. We are re-examining everything that we are doing in order to ensure we do the things that will help us drive extra business and reduce our costs. As Deputy Tom Fleming has said, some of those objectives require radical measures. He also mentioned that a single rail fare costs €70, but I do not believe such a fare exists. Mr. Franks will confirm the cost of a single ticket to Cork.

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