Eurotunnel attacks watchdogs as it sells off MyFerryLink

Comments Off on Eurotunnel attacks watchdogs as it sells off MyFerryLink

The Channel Tunnel operator will sell two passenger and freight ferries to Danish ferries company DFDS, even though it recently secured a victory in the Court of Appeal against the Competition and Markets Authority which allowed it to continue operating.

The sale puts 70 jobs in Dover and 400 more in France at risk, although Eurotunnel said it hoped that DFDS would be able to employ as many workers as possible.

Eurotunnel had wanted to sell the former SeaFrance ferries business, which it has owned since 2012, to a workers’ co-operative known as the Scop SeaFrance but the co-operative did not have the support it needed to make a takeover proposal.

 

Didier Cappelle, a controversial French union leader who led the Scop, today died suddenly of a heart attack at the age of 63.

Eurotunnel paid €65 million (£47 million) for the former SNCF ferries and has invested substantial sums in upgrading the business.

 

Two unexploded World War Two bombs discovered near the port of Calais yesterday led to the cancellation of a number of MyFerryLink services.

Source Article from http://www.standard.co.uk/business/business-news/eurotunnel-attacks-watchdogs-as-it-sells-off-myferrylink-10305011.html

June 9, 2015 |
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