EMCC European Monitoring Centre on Change

Stena Line

Company/Organisation:
Stena Line

Geographic Location

Country: Sweden

Company

Sector: Transportation / storage
Transportation and storage
50.1 - Sea and coastal passenger water transport
Group: Stena AB

Employment Effects

Announcement Date: 16-03-2020
Planned Job Reductions min: 950
Type of Restructuring: Internal restructuring

Additional Information

Stena Line, a Swedish ferry operator, announced its plan to dismiss up to 950 employees in Sweden. The number of passengers has decreased rapidly due to travel restrictions that many countries have set in order to stem the outbreak of coronavirus. The company estimates that the outbreak will have long-term effects on passenger water transport and the number of passengers on its ferries is unlikely to recover by the summer holiday season. The dismissals will affect personnel working on all the nine ferries that registered under the Swedish flag as well as white-collar workers based in Sweden. Two of Stena Line’s affiliate companies, Stena Line Travel Group and Retail&Food Services will also be affected by the dismissals. 

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