Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The ferry line company Tallink Silja is planning lay-offs and has thus initiated cooperation negotiations for 265 employees. The cooperation negotiations cover the Swedish crew members. The announcement was made following the decision to rent out Tallink Silja Galaxy, a passenger ship operating between Stockholm, Sweden and Turku, Finland. The ship will be used as accommodation for Ukrainian refugees in the Netherlands. Tallink Silja Galaxy is the fourth one of the company’s ships to be rented out for this purpose.
According to the company representative at Viking Line, there is not sufficient need on the company’s other ships to employ the former staff of Tallink Silja Galaxy. Some of the ship’s technical staff may relocate to the Netherlands with the ship.
Tallink Silja has struggled economically following the drop in passengers due to the Covid-19 -pandemic and more recently the hike in fuel prices due to the war in Ukraine. The company underwent restructuring in both Sweden (Tallink Silja-2020-SE) and Finland (Tallink Silja-2020-FI) during 2020.
Tallink Silja operates in the Baltic Sea. In the end of 2020, the company had 896 employees in Sweden.
Update 28/09/2022
Tallink Silja has completed the cooperation negotiations the company initiated in July. As a result, 158 employees will be laid-off in Sweden and 10 in Finland. The ferry routes are permanently shut down.
Eurofound (2022), Tallink Silja, Closure in Sweden, factsheet number 107229, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107229.
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