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Large-scale Stena Line cost reduction hits jobs

Stena Line has to improve its result by USD 201.2 million ahead of 2015, which will impact the company's number of employees. "We need to increase the efficiency of the organization, and of course that's going to impact people," the carrier tells ShippingWatch.

Photo: Stena Line

Stena Line is currently negotiating with employee unions in relation to a major cost reduction plan aimed at improving the 2015 result by USD 201.2 million. And the ferry operator will have to cut jobs to reach this goal, though nothing has been decided yet, Communications Manager Jesper Waltersson tells ShippingWatch.

"Personnel costs constitute one of our biggest expenses, so of course we're looking into that, and right now we're talking to the unions. Whether this requires layoffs remains to be seen, but we need to make the organization more efficient. And of course that's going to impact people. We don't know how much is needed at this time. Now we have to talk to the unions, and then we'll see," he says.

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