Unions at Bus Éireann have agreed to postpone planned strike action.

Workers at the company had been due to engage in strike action from 20th February amid an ongoing dispute over pay & conditions at the embattled transport company.

The strike had been timed to coincide with the date the company reportedly plans to introduce unilateral cuts to workers' terms and conditions of employment.

The company is currently suffering major financial losses and has indicated it could face insolvency "in the next 18 months".

Unions, however, have claimed proposed cuts could amount to losses of over 30% to workers earnings.

Unions said in a joint press release this evening that the action will be postponed to allow discussions at the Workplace Relations Commission this week and next.

Union representatives said: “Whist we remain of the view that a multi-stakeholder involvement will ultimately be required to resolve this dispute, in deference to the WRC, we are prepared to engage in this process to establish if we can achieve some progress towards an overarching and sustainable resolution”