Finnlines - Company Announcement

FINNLINES PLC STARTED EMPLOYEE CO-OPERATION NEGOTIATIONS CONCERNING THE CREW OF M/S FINNHANSA

Helsinki, Finland, 2014-07-03 13:15 CEST (GLOBE NEWSWIRE) -- Finnlines  Plc    
            Stock Exchange Release  3 July 2014 at 14:15 







FINNLINES PLC STARTED EMPLOYEE CO-OPERATION NEGOTIATIONS CONCERNING THE CREW OF
M/S FINNHANSA 





Finnlines Plc has today started employer-employee co-operation negotiations
concerning the crew of m/s Finnhansa (36 people). 



The operative use of the vessel has been unprofitable for a longer period and
the changes in environmental legislation, especially the so-called sulphur
directive entering into force 1.1.2015, have brought the company to make
initial plans concerning sale of the vessel. 



The realisation of these plans may result in lay-offs or in the termination of
all employment contracts of the crew. If realised, the plans 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







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Nasdaq OMX Helsinki Ltd

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About Finnlines
Finnlines is one of the largest North-European liner shipping companies,
providing sea transport services mainly in the Baltic and the North Sea.
Finnlines' passenger-freight vessels offer services from Finland to Germany and
Sweden, from Sweden via the Åland Islands to Finland and Germany and from
Germany to Russia. The company has subsidiaries in Germany, Belgium, Great
Britain, Sweden, Denmark and Poland which all are also sales offices. In
addition to sea transportation, the Company provides port services in Helsinki
and Turku. 

www.finnlines.com