Media: Mass layoffs underway at Stena Line

The new sulfur regulations in Northern Europe force Stena Line to axe 800 employees, the company's CEO tells Swedish newspaper Dagens Industry. The carrier is already in the midst of a process to increase efficiency.

Photo: Stena

800 employees will be laid off at Swedish Stena Line. According to CEO Carl-Johan Hagman, this development is caused by the increasing requirements for ships' sulfur emissions, set to come into force in January 2015 in Northern Europe, he tells Dagens Industri.

"I don't think the Swedish politicians are aware of the consequences these regulations will have. I'm concerned, both as CEO and as a Swedish citizen," says Carl-Johan Hagman.

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