Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Germany, Denmark
Sector
Transportation / Storage
Land, Water And Air Transportation
Water Transport
50 - Water transport

400 jobs
Number of planned job losses
Job loss
Announcement Date
25 February 2009
Employment effect (start)
Foreseen end date

Description

Ferry company Scandlines, a merger of the national German and Danish ferry companies, has announced that it is to cut 400 jobs (out of 2,400) in an effort to cope with the decrease in transport volume due to the financial crisis. On June 2009, the company announced that job cuts will occur sooner than previously planned. As they were planned to be realised by 2011, it  is to be assumed that they now will be realised in 2009 and 2010. However, no precise date has been given for the implementation of the job losses.


Sources

  • 12 June 2009: Financial Times Deutschland
  • 25 February 2009: Financial Times Deutschland

Citation

Eurofound (2009), Scandlines, Internal restructuring in European Union, factsheet number 68339, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68339.