Type
Internal restructuring
Country
Finland
Region
Manner-Suomi; Etelä-Suomi; Kymenlaakso
Location of affected unit(s)
Kotka
Sector
Transportation / Storage
Land, Water And Air Transportation
Water Transport
50.1 - Sea and coastal passenger water transport

147 jobs
Number of planned job losses
Job loss
Announcement Date
8 January 2014
Employment effect (start)
8 January 2014
Foreseen end date

Description

Finnish Cruise operator Kristina Cruises has sold its vessel Kristina Katarina and announced redundancies of its 147 crew. As announced, the restructuring is due to financial difficulties.

Kristina Cruises started restructuring in November 2013 and ceased cruise operations. The company will continue to organise cruise holidays with ships by other owners. The ship Kristina Katarina was sold to an international business group with operations in Miami.


Sources

  • 8 January 2014: YLE News

Citation

Eurofound (2014), Kristina Cruises, Internal restructuring in Finland, factsheet number 76441, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76441.