Bus Éireann has released a statement after talks with unions broke down at the at the Workplace Relations Committee.
Commuters now face fresh misery as an all-out indefinite strike at the company now looks likely.
Talks have been ongoing for the past seven days but the parties failed to reach an agreement.
The full Bus Éireann statement reads as follows:
"Bus Éireann are extremely disappointed that talks with unions have broken down at the WRC today, following seven days of engagement.
Given the seriousness of our financial position, we always had a very tight timeframe to implement actions but we nevertheless engaged in good faith to facilitate intensive discussion, with the aim of reaching a negotiated settlement with trade unions.
Despite their public pronouncements about engaging on addressing the high level of inefficiencies, there has been no flexibility shown during our engagement on efficiency measures.
While inefficiencies have been acknowledged and accepted by unions, there was a refusal to accept any reduction of earnings, including unnecessary overtime earnings.
The management team will now report to the Board of Bus Éireann to urgently re-assess what further action is now appropriate, and necessary, to safeguard the organisation and the service we provide."