diff --git a/packages/initramfs/sysutils/busybox-initramfs/build b/packages/initramfs/sysutils/busybox-initramfs/build
index 9314eee63c..27f3fa4312 100755
--- a/packages/initramfs/sysutils/busybox-initramfs/build
+++ b/packages/initramfs/sysutils/busybox-initramfs/build
@@ -30,13 +30,20 @@ else
   BUSYBOX_CFG_FILE=$ROOT/$PKG_DIR/config/$1.conf
 fi
 
+# fails to build with gcc-4.6.1
+  strip_lto
+
+# fails to build with gcc-4.6.1 (ggc bug #49716
+  CFLAGS=`echo $CFLAGS | sed -e "s|-ftree-loop-distribution||"`
+  CFLAGS=`echo $CFLAGS | sed -e "s|-floop-interchange||"`
+  CFLAGS=`echo $CFLAGS | sed -e "s|-floop-strip-mine||"`
+  CFLAGS=`echo $CFLAGS | sed -e "s|-floop-block||"`
+  CFLAGS=`echo $CFLAGS | sed -e "s|-fgraphite-identity||"`
+
 # optimize for size
   CFLAGS=`echo $CFLAGS | sed -e "s|-Ofast|-Os|"`
   CFLAGS=`echo $CFLAGS | sed -e "s|-O.|-Os|"`
 
-# fails to build with gcc-4.6.1
-  strip_lto
-
 LDFLAGS="$LDFLAGS -fwhole-program"
 
 cd $BUILD/busybox*