Bus Eireann confirms tough times ahead as it faces insolvency TOPICS:Bus Eireann confirms tough times ahead as it faces insolvency Posted By: Sean O'Dowd 11th January 2017 Bus Eireann says the company is facing insolvency in the next 18 months and ‘decisive action’ has to be taken to reverse losses. The company has informed staff at a meeting on Wednesday 11th that losses for 2016 are now estimated at €8m.