Stena Line, the largest ferry operator on the Irish Sea, is set to axe up to 80 of its staff following an internal review.
This review found the passenger and freight company’s current set-up was “too big and expensive” in relation to its revenue.
Its CEO, Paul Grant, had announced by email on Monday the redundancies to all staff, in which it said the business was launching a programme to “future proof the company”.
In the review carried out by the Swedish owned operator focused on how to secure its core business and use its resources effectively.
The Belfast Telegraph has more on the staff cuts.
Stena's ferry network also includes Ireland-France (see story), the North Sea, Scandinavia, and for the first time outside Europe, following a 49% shareholding acquisition of AML operating to Africa between Spain and Morocco