A shipping line which covers 20 European routes is to furlough 600 employees with 150 redundancies across the UK and the Republic of Ireland.
Since the crisis the Line has experienced a large decline in travel bookings and freight volumes and
has to take tough decisions to cut costs and ensure that their vital supply lines of essential goods around Europe remain in placwe.
The CEO said ”
In order to secure the continuity of our freight operations, we have no choice but to reduce our costs. We are committed to keep vital supply lines open for UK and Ireland. Regrettably we must furlough employees on temporary paid leave and make redundancies, as we adjust to this new reality.”
The shipping Line has announced redundancies which will affect 950 people employed in Scandinavia. Further job losses have subsequently been made in Denmark and the Baltics.