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Dublin Bus Restore 19 Months Cost Cutting (early)

Comments

  • #2
    Cookie_Monster
    Registered Users, Registered Users 2 Posts: 24,522 ✭✭✭✭Cookie_Monster


    easy to return to surplus when:
    Cash fares on Dublin Bus rose by more than 7 per cent last November. In 2013, Dublin Bus announced fare increases of more than 10 per cent. In 2012 the increases were in excess of 18 per cent and in 2011 prices jumped by more than 20 per cent.


  • #3
    cdebru
    Closed Accounts Posts: 5,761 ✭✭✭cdebru


    Actually a year late the company returned to surplus in its accounts for 2013, published a year ago nearly but the bolshie socialist trade unions that you hear about here all the time took almost a year to raise the profitability clause in the agreement. And now it is phased in lol nothing in the agreement about phasing, it is black and white 19 months or until the company returns to profitability the latter happened a year ago.
    Now you know why it is so hard to reach agreements because what is written in black and white in an agreement means SFA.


  • #4
    dfx-
    Moderators, Sports Moderators Posts: 15,694 Mod ✭✭✭✭dfx-


    Jamie2k9 wrote: »
    So a reward for the wonderful employees who walked off the jobs for a few days and passengers in return get another year of fare increases.

    Roll of 2016 when the NTA will bow to more demands for fare increases!

    My leap fare hasn't changed much, why are you paying cash...


  • #5
    dublindiehard
    Closed Accounts Posts: 172 ✭✭dublindiehard


    I don't think the problem is the fact that they are getting back early, since the company situation has improved I have no problem with that.

    The unions are however looking for two pay rises from 2009 and 2010 to also be invoked pretty much at the same time, which in my opinion is not feasible

    All it will do is put the company in a similar situation again, if there is to be any rises on top of the reinstatement of conditions, it has to be gradual over a number of years.


  • #6
    Heisenberg1
    Closed Accounts Posts: 2,511 ✭✭✭Heisenberg1


    dublindiehard wrote: »
    I don't think the problem is the fact that they are getting back early, since the company situation has improved I have no problem with that.

    The unions are however looking for two pay rises from 2009 and 2010 to also be invoked pretty much at the same time, which in my opinion is not feasible

    All it will do is put the company in a similar situation again, if there is to be any rises on top of the reinstatement of conditions, it has to be gradual over a number of years.

    The unions are right to look for the increases due under the national wage agreement.


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  • #7
    dublindiehard
    Closed Accounts Posts: 172 ✭✭dublindiehard


    The company cannot afford to give everything all at once. It will just put it back in the same situation that made the cuts necessary in the first place.

    Ireland as a country and any of the state companies in it must NEVER get back to the situation where we spend money we don't have or can't afford.

    If we don't learn that lesson then it's no wonder the same mistakes keep happening.


  • #8
    frankoreagan
    Closed Accounts Posts: 78 ✭✭frankoreagan


    dfx- wrote: »
    My leap fare hasn't changed much, why are you paying cash...

    Fares shouldn't have risen at all if the company is in profit. Paying customers are at the end of the queue in terms of priority though, as usual with DB.


  • #9
    LXFlyer
    Registered Users, Registered Users 2 Posts: 17,941 ✭✭✭✭LXFlyer


    frankoreagan wrote: »
    Fares shouldn't have risen at all if the company is in profit. Paying customers are at the end of the queue in terms of priority though, as usual with DB.

    People need to realise that cash fares have been increased by an inflated percentage to encourage people to switch to LEAP.

    Some LEAP fares actually fell in the last set of changes, including one of the main fare categories.

    No one is being forced to pay the cash fares - if they don't want to avail of cheaper options then that is their own choice.

    At the same time you cannot just look at one year's financial results in isolation. You have to look at the trend. Just because one year the company is in profit does not mean that you can ignore the cumulative effect of several year's losses. There is some way to go before DB is back in a position of financial health.


  • #10
    hmmm
    Registered Users, Registered Users 2 Posts: 11,205 ✭✭✭✭hmmm


    Will the taxpayer be getting the emergency bailout money back?


  • #11
    Victor
    Registered Users, Registered Users 2 Posts: 78,493 ✭✭✭✭Victor


    Can they withhold pay rises to management until customer service improves?
    frankoreagan wrote: »
    Fares shouldn't have risen at all if the company is in profit.
    On the back of 120,000,000 million passengers, the company seems to have made a profit of €500,000 in 2014 following several years of losses - that's less than half a cent per customer. It looks like the price increase were just right.


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  • #12
    Ning
    Registered Users Posts: 55 ✭✭Ning


    lxflyer wrote: »
    People need to realise that cash fares have been increased by an inflated percentage to encourage people to switch to LEAP.

    Some LEAP fares actually fell in the last set of changes, including one of the main fare categories.

    No one is being forced to pay the cash fares - if they don't want to avail of cheaper options then that is their own choice..

    Monthly and yearly tickets (on leap card) have been raised by the same inflated percentage compared to last year.


  • #13
    Sheldons Brain
    Registered Users, Registered Users 2 Posts: 1,394 ✭✭✭Sheldons Brain


    Ning wrote: »
    Monthly and yearly tickets (on leap card) have been raised by the same inflated percentage compared to last year.

    Is this the fault of
    • the employees
    • the management
    • the government fiddling with the subvention


  • #14
    cdebru
    Closed Accounts Posts: 5,761 ✭✭✭cdebru


    dublindiehard wrote: »
    The company cannot afford to give everything all at once. It will just put it back in the same situation that made the cuts necessary in the first place.

    Ireland as a country and any of the state companies in it must NEVER get back to the situation where we spend money we don't have or can't afford.

    If we don't learn that lesson then it's no wonder the same mistakes keep happening.

    How do you know what they can and can't afford ? And why did they agree to give back some of the terms and conditions if they couldn't afford it even when they are making a profit ?


  • #15
    cdebru
    Closed Accounts Posts: 5,761 ✭✭✭cdebru


    frankoreagan wrote: »
    Fares shouldn't have risen at all if the company is in profit. Paying customers are at the end of the queue in terms of priority though, as usual with DB.


    Paying customers might be worse off if the company reneges on agreements it entered.


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