Bus Éireann services will operate today after management and unions last night agreed to "pull back" for 48 hours in a bid to resolve the bus strike.

For the last two days, Bus Éireann services have been paralysed due to a strike by members of the National Bus and Rail Union in response to cost reduction measures introduced without agreement on Sunday.

Both sides accepted an invitation to attend the Labour Relations Commission last evening.

After almost three hours of talks, they agreed that the NBRU would suspend its strike for two days, during which management would not implement the disputed cost reductions.

In the meantime, management and union representatives will try to find an alternative way to secure the cost savings required by management.

However, given that only 48 hours have been allocated to reformulate a cost reduction programme, the talks are bound to be very intensive.