SeaFrance Recovery Plan

SeaFrance Recovery Plan

The majority union at French ferry operator SeaFrance has reluctantly accepted a financial recovery plan involving close to 500 redundancies among the 1,580-strong workforce, bringing to an end a 10-month stalemate over the plan between management and unions. The CFDT, which was the only union not to have accepted the plan, decided to drop its opposition despite a split vote on the plan in the employee referendum. Employees voted 562-560 in favour of accepting the plan. The union’s acceptance of the recovery plan should open the way to a recapitalisation of the heavily loss-making company by its owner, French national rail company SNCF.