Finnlines Ship Management

Type
Offshoring/Delocalisation
Country
Sweden
Region
Södra Sverige; Sydsverige; Skåne län
Location of affected unit(s)
Malmö
Sector
Transportation / Storage
50 - Water transport
50.1 - Sea and coastal passenger water transport
50.1 - Sea and coastal passenger water transport
New offshoring locations
Finland
300 jobs
Number of planned job losses
Job loss
Announcement Date
4 July 2012
Employment effect (start)
4 July 2012
Foreseen end date

Description

Malmö-based ship operator Finnlines Ship Management announced dismissals of 200 employees and plans to cut further 100 jobs in Sweden.

The dismissed Swedish employees will be replaced by Finnish workers. The reason for the restructuring is that the Finnish tax rules are more favourable than the Swedish. In the Finnish shipping industry taxes are calculated based on a ship's size and loading capacity, while the Swedish ship owners are burdened with a much heavier tax - based on sales.

The exact timeline for the restructuring is yet to be announced. 

Sources

  • 4 July 2012: Sydsvenskan

Citation

Eurofound (2012), Finnlines Ship Management, Offshoring/Delocalisation in Sweden, factsheet number 73855, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73855.