Sea France thrown a lifeline.

Discussion in 'Continental Touring' started by Brisey, Dec 15, 2011.

  1. Brisey

    Brisey Funster Life Member

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    Taken from Kent On Line yesterday.









    [​IMG]A financial lifeline has been thrown to troubled ferry operator SeaFrance - just days after a deadline for offers to buy it passed.
    A French court had set December 12 for the submission of bids to save the company.
    But the deadline passed, and it seemed inevitable it would be wound up by the end of January with the loss of 700 jobs in France and more than 100 in Dover.
    Now, with its ships grounded for several weeks, the union has stepped forward with a bid to buy the international firm.
    The French courts will consider the options for the company at a hearing on Monday, with a decision expected up to a week later.
    French business consultant Thaddee Segard had said just days ago: "The final liquidation of SeaFrance is no longer in doubt."
    DFDS/LD Lines announced earlier this week it would not be submitting a new bid after its earlier one was rejected by a French court as too low.
    The consortium had hoped to file a revised offer and held extensive talks with the parties involved. But it ran up against union opposition to its plans to slash jobs.
     
  2. Jim

    Jim Ringleader

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    Thanks Brisey, that's encouraging. Don't want to lose them or prices will just get higher.
     
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  3. CHRI$

    CHRI$ Funster

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    i hope they survive,it will keep P&O honest:thumb:
    if P&O know's what the meaning of the word honest is?:RollEyes:
     
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  4. hilldweller

    hilldweller Funster Life Member

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    Hmmmmm. Look up Triumph Meridan.

    An interesting exercise, who can the unions blame if they own the damned company ?
     
  5. callumwa

    callumwa Read Only Funster

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    An interesting concept to consider letting the French Unions take over the company.

    It was the very same Unions who helped Sea France get into this situation, with their continued refusal to change or even discuss working practices and conditions, which were necessary to make the company competitive.

    I do hope they survive though, the more competition the better..
     
  6. Craig Rogers

    Craig Rogers Read Only Funster

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    Last edited: Dec 15, 2011
  7. DuxDeluxe

    DuxDeluxe Funster Life Member

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    A cynical view on this.....

    1) Unions take over Sea France
    2) Unions operate ships for 2 months
    3) Unions blockade Calais demanding money from the french government to keep the business running
    4) French government caves in "in the national interest"
    5) Deja vu

    Maybe I'm getting too old and grumpy..........
     
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