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Ferry company Stena Line to cut 950 jobs in Sweden due to virus

PortandTerminal.com, March 16, 2020

Sweden’s Stena Line will lay off 950 employees as a consequence of the dramatic drop in passengers. More layoffs could be in store. 

STOCKHOLM, SWEDEN – Ferry company Stena Line will cut 950 jobs in Sweden as a result of the coronavirus outbreak and the travel restrictions imposed by several countries, the company said on Monday.

The company was experiencing a “drastic decline” in travel bookings as a result, with the worst effect experienced in Scandinavia, it said. “At present, it is estimated that passenger operations will not recover before the peak season in summer,” the company said in a statement.

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