Gothenburg-based ferry company Stena Line has announced plans to lay off 950 employees. The majority of whom are employed by Stena Line Scandinavia AB, as the Covid-19 crisis moves down to even short-haul carriers.
The lay-offs will affect staff onshore and offshore, with nine Swedish flagged vessels impacted.
The lay-offs will also hit staff at Stena Line Travel Group and Retail & Food Services.
Stena Line said that, “due to the coronavirus (Covid-19) and travel restrictions imposed by several countries, Stena Line has, like many other companies within the travel industry, seen a drastic decline in travel bookings. “The effect has been the worst in Scandinavia and in recent days passenger traffic to Sweden, Denmark, Poland, Germany, and Latvia has been stopped to a large extent.”
Stena Line completely stopped operating its Oslo-to-Frederikshavn route from March 14th until further notice.
Stena Line CEO Niclas Mårtensson said that “due to the current situation we are facing, we have no choice but to adjust our operations and our costs to limit the drop in demand and secure the continuity of our freight operations”. Stena Line added it was evaluating its overall operations in all regions due to the sharp decline in travel bookings. It said that it could not rule out further reductions or series of changes to its timetables and/or the route network