well, €21 million was spent on voluntary redundancies in IE according to the 2010 report, and they had a cut in the sub of €15.5 million and a loss in fares of €7.4 - thats €43 million less to play with last year.
a further cut in the sub, another €15 mill to find for this years vol redundancies and losses in fares (we dont know how much) and you are looking at an €70million turnaround in two years. There will be benefits in relation to not paying those who have been let go, and other savings.
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