Ferry firm blasted for ‘exercise in greed’
The company said it was forced into the move because of falling passenger volumes on its routes from Dublin to Holyhead and Rosslare to Pembroke as budget airlines attracted passengers. It also said rising costs, such as fuel and labour, were higher than its competitors.
It said the offer is open to all employees, but those who do not accept it will have to sign up to new working conditions and pay terms. It is looking to recruit from employment agencies across the EU, which will reduce its labour costs.