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Wallenius Wilhelmsen lays off 2,500 workers in U.S. and Mexico

PortandTerminal.com, March 25, 2020

Ocean car carrier Wallenius Wilhelmsen lays off half its workers in the U.S. and Mexico as Coronavirus freezes auto sales around the world. The company says 2,500 workers will be let-go, two days after cutting its fleet by 14 vessels

LYSAKER, NORWAY – Wallenius Wilhelmsen has announced temporary layoffs of 2,500 workers as it suspends operations at several land-based processing facilities in the U.S. and Mexico as the coronavirus pandemic wreaks havoc on its business. 

The company said the suspension of operations at some processing plants is in-line with automaker plant closures. It will review developments of the on-going COVID-19 pandemic and plans to return employees to work when business rebounds. 

News of the layoffs follows Wallenius Wilhelmsen’s decision earlier this week to put up to 10 of its vessels in cold lay-up and scrap another four vessels. The company has also decided to cancel dividends for 2019. 

Wallenius Wilhelmsen is a market leader in the roll-on/roll-off shipping sector, operating a fleet of around 125 vessels, 120 processing centers and 11 marine terminals.

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