October 8, 2020

STEF-owned ferry company La Méridionale announced the cancelation of 90 agreements regarding terms of employment. All the agreements will be renegotiated with the unions, both for the crews and the shore staff. This should be done by the end of the year.

The fact that the company lost the major Corsican ports in the 15-month transitional contract (to Corsica Linea) did not help the finances, especially not together with the pandemic.

However, owner STEF is a strong logistics group.

La Meridionale also bought PELAGOS (DFDS – LIVERPOOL SEAWAYS – EUR 30,6 million) before Covid. The ship is still laid up in Le Havre.