Oireachtas Joint and Select Committees

Wednesday, 1 February 2017

Joint Oireachtas Committee on Transport, Tourism and Sport

Current Financial Situation at Bus Éireann, the Expressway Service and the Rural Transport Programme (Resumed)

1:30 pm

Photo of Mick BarryMick Barry (Cork North Central, Anti-Austerity Alliance) | Oireachtas source

The State would lose €59 million in payroll taxes. If 2,500 workers were to claim social welfare payments at the minimum rate for a single person, it would cost the State €26 million, but the final amount would be way more. The figure for redundancy payments, with a minimum of two weeks' statutory payments, would be €124 million, but the redundancy packages would be based on a period a lot longer than the statutory minimum of two weeks' payments. The cost would run into hundreds of millions of euro. That would be the result from a loss of €9 million per year. It is economics of the madhouse. The cost to Bus Éireann of meeting the PSO contract is €40 million. What was the figure for 2009?

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