Tuesday, January 20, 2009

Managers first to go as B.C. Ferries cuts costs


Declining ferry travel due to the economic downturn has prompted B.C. Ferries to cut 35 managers and warn front-line staff they may face layoffs as well. In the face of a significant drop in ferry ridership and the resulting adverse impact on revenues, we must act to reduce the company's management and administrative costs," president and CEO David Hahn announced Tuesday.The administrative job cuts include several senior managers and director-level positions."While no front line or ship-based employees are directly impacted at this time by this corporate restructuring, further changes and possible layoffs are anticipated in shore-based positions, including unionized staff," Hahn said.He said the ferry corporation is committed to aligning its costs with the reduced public demand for ferry sailings "during these uncertain and turbulent times."

No comments: