Oireachtas Joint and Select Committees

Wednesday, 29 March 2017

Joint Oireachtas Committee on Transport, Tourism and Sport

Bus Éireann: Discussion (Resumed)

1:30 pm

Photo of Catherine MurphyCatherine Murphy (Kildare North, Social Democrats) | Oireachtas source

I will move on.

I would like to explore this further but we have very limited time. I believe people are not going to get the fact that this company has been pushed to insolvency. One can very easily envisage a situation of an examiner being obliged to go into a semi-State company. We could end up with a very significant cost on foot of the company becoming insolvent. The settlement of this dispute would be a relatively minor affair compared with the potential cost to the State. Is the Minister being briefed in that regard and has contingency planning been done? Does the Minister know the bottom line in this regard? For example, what would happen in the event of the company being wound up in respect of redundancy payments, breaches of contracts, property interests and the fleet? Has the Minister been briefed on any of that?

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