Helsinki, Finland, 2014-07-03 13:15 CEST (GLOBE NEWSWIRE) -- Finnlines Plc Stock Exchange Release 3 July 2014 at 14:15
FINNLINES PLC STARTED EMPLOYEE CO-OPERATION NEGOTIATIONS CONCERNING THE CREW OF M/S FINNHANSA
Finnlines Plc has today started employer-employee co-operation negotiations concerning the crew of m/s Finnhansa (36 people).
The operative use of the vessel has been unprofitable for a longer period and the changes in environmental legislation, especially the so-called sulphur directive entering into force 1.1.2015, have brought the company to make initial plans concerning sale of the vessel.
The realisation of these plans may result in lay-offs or in the termination of all employment contracts of the crew. If realised, the plans do not affect the provision of maritime liner services or the service level offered to the customers.
Tom Pippingsköld Tapani Voionmaa
CFO Group General Counsel
Nasdaq OMX Helsinki Ltd
Finnlines is one of the largest North-European liner shipping companies, providing sea transport services mainly in the Baltic and the North Sea. Finnlines’ passenger-freight vessels offer services from Finland to Germany and Sweden, from Sweden via the Åland Islands to Finland and Germany and from Germany to Russia. The company has subsidiaries in Germany, Belgium, Great Britain, Sweden, Denmark and Poland which all are also sales offices. In addition to sea transportation, the Company provides port services in Helsinki and Turku.