Coronavirus and trade

DFDS getting ready to make 650 job cuts

by Port News Editorial Staff

The Danish ferry operator DFDS intends to cut 650 jobs due to the severe drop in transport demand triggered by the pandemic crisis.

The company announced it in a press release: cuts in personnel costs will save the company $37 million. The Covid-19 has put pressure on the ferry trade all over Europe, so much so that a number of operators have turned to the Government to ask for loans or aid due to profit margins in passenger traffic being down to zero.

DFDS operates a fleet of 70 ro-ro and ro-pax vessels in the Baltic Sea, the Mediterranean and the North Seas. In March, the company put two of its services on hold and suspended its financial targets for 2020.

Translation by Giles Foster

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