The actual running cost is 1.9 million per annum, of which 55% is pure staff cost. A significant service level increase would be offset in full by increased revenue as much of the cost base is fixed.
The line will NOT CLOSE on July 21st, that is for sure. From our discussions with various groups and consultants we foresee services continuing into 2011 and beyond.
That said the board of CIE have questions to answer as to the process followed and the underhand media operation which pushed out false numbers to sway public opinion.
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