Independent journal on economy and transport policy
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Fjord Line will cut a quarter of its staff
Ternblom: Cutting costs is the only thing that helps when revenues drop dramatically
September 21, 2020
Remembering that the company has already successfully adopted measures to safeguard liquidity, and specifying that "even though the summer season went well" Ternblom pointed out that Fjord Lne is entering "the autumn and winter season with a level of traffic significantly lower than normal in this period of the year because of the government's recommendations to limit travel. As a result , he added, we must adopt new cost-cutting measures to keep the year running the essential route to and from the continent and which is used to transport of goods and passengers.'
Ternblom has specified that Fjord Line cannot avoid these measures do not also affect employment and have announced that the reduction in staffing will affect up to 200 about a quarter of the company's staff. "Cutting costs," he explained, "is the only thing that helps when revenues drop dramatically as they did over the last few months."
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Remembering that the company has already successfully adopted measures to safeguard liquidity, and specifying that "even though the summer season went well" Ternblom pointed out that Fjord Lne is entering "the autumn and winter season with a level of traffic significantly lower than normal in this period of the year because of the government's recommendations to limit travel. As a result , he added, we must adopt new cost-cutting measures to keep the year running the essential route to and from the continent and which is used to transport of goods and passengers.'
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
