Dublin Bus has confirmed it will introduce cost-cutting measures from Sunday November 17th. All staff, except SIPTU drivers, have agreed to the plans.

SIPTU represents around 1,200 drivers and 450 workers in other grades at Dublin Bus. The deal will see some €11 million worth of cuts introduced at the transport firm.

The proposals were arrived at during overnight talks between trade union reps and management after three days of strike action in August.

The Dublin Bus Board has said in a statement "It is now clear that the overall majority of employees have accepted the plan. 55% of all drivers have accepted the Independent Investigation Report and all other grades have accepted the Labour Court recommendation".

It says it is committed to abiding by the terms of the Labour Court recommendation, and will restore the rates for rest days, overtime and premium payments after a period of 19 months from the date of acceptance.

These rates are set to be restored in June of 2015.

The company says it is now vital that the implementation of the Cost Recovery Plan goes ahead without industrial action. A spokesperson says further industrial action at this point "is totally unnecessary given that the majority of employees have accepted the Cost Recovery Plan".

They say this would severely damage the reputation of the firm as well as leading to increased financial losses.