Estonia, Labour-market, Port, Transport

The reductions are to be carried out still before the end of the year. 

The company's CEO Margus Schults said the crisis caused by the coronavirus pandemic is so deep and protracted that the company must adjust its business activities radically.

"Travel will not return to what it used to be for a long time still, although recovery may start again at some point. We are compelled to also make structural changes and rearrangements at the company," Schults said in a statement on Wednesday. 

The impacts concern, among other things, individual and group sales, cargo carriage, onboard stores, terminals, marketing, and support services.

Schults said that as a result of strict travel restrictions, travel by ship has effectively come to a halt.  He said that, unfortunately, also committed employees now must stand face to face with the economic impacts of the coronavirus pandemic. 

"Our business will not return to what it was, because the world around us has changed," Schults said.

In addition to the layoffs, also forced leave for Tallink Silja employees will continue.