Stena Line cuts 950 Swedish jobs due to COVID-19 pandemic

Gothenburg-based ferry company Stena Line said Monday it was making 950 redundancies in Sweden because of challenging market conditions.

"This measure is in response to the global ongoing coronavirus (COVID-19) that has had a substantial effect on Stena Line's passenger operations, which has experienced a drastic decline in travel bookings over the course of the last week," the company said.