RTE is in dire financial straits, and the broadcaster is struggling to find the resources to maintain a newsroom dedicated to public affairs.
It has lost over €50 million ($65 million) since 2015.
The broadcaster is on track to miss its target to bring in around €10 million in the next financial year, according to its latest report.
As of March 31, RTE had €19.3 million in debt, according a financial statement it filed with the Department of Finance last week.
In a joint statement with its union, Rte and the General Union of Journalists and the Arts (GUJA) the broadcaster said it was facing an “urgent need to restore its finances.”
“The broadcaster has lost approximately €30 million in 2017 and its long-term viability depends on a sustainable and effective newsroom,” the statement said.
“We must not allow the broadcaster to deteriorate to such a level that it will have to close the broadcaster altogether.”
The broadcaster said the latest loss is “at the centre of our continuing discussions with the Government regarding the future of the broadcaster.”RTE said it is looking at options for the future.
“In light of our recent financial performance, it is urgent for the broadcaster and the industry to consider a viable alternative,” it said.
Last year, RTV, RHI, RTÉ, RTI and RTE said they were in the red.