Iarnród Éireann has warned that it remains “one misstep away from insolvency” – as management and unions meet at the Workplace Relations Commission for talks over the unions’ 21% pay claim.
Unions say staff are due a pay rise, particularly after experiencing cost-reduction measures during the economic crisis.
Arriving for the talks, Iarnród Éireann Director of Human Resources Ciaran Masterson noted that the company has an accumulated deficit of 153m, and losses last year of 3m.
He said that without Government support, the company would be in a very difficult situation.
He pointed out that last October, the company had reinstated a 25-month pay pause introduced during the economic crisis.
Asked about productivity, he s…
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