Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Viking Line, a shipping company, has concluded co-operation negotiations and will dismiss up to 180 employees working in ground services on the Åland Islands and elsewhere in Finland. Approximately 70 of the dismissed employees will be offered new positions with new employment terms.
According to the company, restructuring is needed in order to adapt to the changes in the market caused by the COVID-19 pandemic. A large majority of employees working in ground service and on the ferries are temporarily laid-off.
In addition to the dismissals of employees working in ground service in the Åland Islands and Finland, the company announced that it will dismiss 76 employees working on the Swedish-flagged Viking Cinderella and 56 jobs on the Estonian-flagged Viking XPRS.
Viking Line is a shipping company that operates in the Baltic Sea. The company is based in the Åland Islands.
Eurofound (2020), Viking Line, Internal restructuring in Finland, factsheet number 102185, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102185.