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.
Transportation / Storage Land, Water And Air Transportation Water Transport 50.1 - Sea and coastal passenger water transport
1,007 jobs Number of planned job losses
Announcement Date
9 January 2012
Employment effect (start)
9 January 2012
Foreseen end date
30 April 2012
Description
On the 9th of January, ferry company SeaFrance went into liquidation leading to the job loss of its entire workforce - about 1000 people. Some 880 jobs will be lost in France (see here) and 127 jobs are threatened in Dover, UK.
The company's service between Dover and Calais has been suspended since November 2011. A potential bailout from the French government was ruled illegal by the European Commission; an offer from a cooperative of SeaFrance employees was also deemed unacceptable by the French Tribunal de Commerce.
The possibility that Eurotunnel, the company which manages and operates the Channel Tunnel between Britain and France, will make a bid for SeaFrance has not been ruled out yet.
Sources
10 January 2012: Les Echos
9 January 2012: BBC News Website
9 January 2012: Reuters
Citation
Eurofound (2012), SeaFrance, Bankruptcy in European Union, factsheet number 72934, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72934.
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