Finnlines - Company Announcement

FINNLINES PLC STARTED EMPLOYEE CO-OPERATION NEGOTIATIONS CONCERNING THE CREW OF MS FINNSAILOR

Helsinki, Finland, 2014-10-07 13:15 CEST (GLOBE NEWSWIRE) -- Finnlines  Plc    
            Stock Exchange Release  7 October 2014 at 14:15 







FINNLINES PLC STARTED EMPLOYEE CO-OPERATION NEGOTIATIONS CONCERNING THE CREW OF
MS FINNSAILOR 







Finnlines Plc has today started employer-employee co-operation negotiations
concerning MS Finnsailor. 



Finnlines Plc has chartered (bare boat) MS Finnsailor from its owner Finnlines
Belgium N.V., Finnlines Plc's Belgian subsidiary. The vessel is registered in
Finland's Register of Ships and it is operated by the Finnlines Group in its
liner traffic. 



Finnlines Group has made initial plans for the existing tonnage's requirements
and use in 2015. These initial plans have indicated that the operative use of
MS Finnsailor in Finnlines liner traffic will be clearly unprofitable, taking
into account the predominant overcapacity and also the changes in environmental
legislation, especially the so-called sulphur directive entering into force on
1 January 2015. According to these initial plans the charter of MS Finnsailor
would be ended during January 2015, which would lead to changes in the Register
of Ships and the operational area of the vessel. 



The realisation of these plans may result in lay-offs or in the termination of
employment contracts of the Company's sea personnel; at most this is estimated
to affect 52 persons. 



If the plans are realised, then they do not affect the provision of maritime
liner services or the service level offered to the customers. 







Finnlines Plc







Tom Pippingsköld               Tapani Voionmaa

CFO                            Group General Counsel







DISTRIBUTION

Nasdaq OMX Helsinki Ltd

Main media





About Finnlines
Finnlines is a leading shipping operator of ro-ro and passenger services in the
Baltic Sea and the North Sea. The Company is listed on the NASDAQ OMX Helsinki
Ltd and is a part of the Grimaldi Group, one of the world's largest operators
of ro-ro vessels and the largest operator of the Motorways of the Sea in Europe
for both passengers and freight. This affiliation enables Finnlines to offer
liner services to and from any destination in the Mediterranean, West Africa as
well as the Atlantic coast of both North and South America. 

www.finnlines.com