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26 October 2020 The on-line newspaper devoted to the world of transports 15:11 GMT+1

September 21, 2020

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Original news
Fjord Line to cut a quarter of staff

Ternblom: cutting costs is the only thing that helps when revenues fall dramatically

The Norwegian shipping company Fjord Line, whose fleet ferries transports passengers and rolling stock between Norway, Sweden and Denmark, announced the loss of jobs and Layoffs. "2019 - explained the administrator delegate of the shipping company, Rickard Ternblom -- was a record year in terms of revenue and earnings for us, and we were very optimistic for 2020. Unfortunately, however, everything is changed with the spread of the Covid-19. Currently, bookings are only a fraction of what they would be Normally. So we're preparing for the fact that it could it takes a long time before we can get back to a normal level activity.'

Remembering that the company has already successfully adopted measures to safeguard liquidity, and specifying that "even though the summer season went well" Ternblom pointed out that Fjord Lne is entering "the autumn and winter season with a level of traffic significantly lower than normal in this period of the year because of the government's recommendations to limit travel. As a result , he added, we must adopt new cost-cutting measures to keep the year running the essential route to and from the continent and which is used to transport of goods and passengers.'

Ternblom has specified that Fjord Line cannot avoid these measures do not also affect employment and have announced that the reduction in staffing will affect up to 200 about a quarter of the company's staff. "Cutting costs," he explained, "is the only thing that helps when revenues drop dramatically as they did over the last few months."

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