Copenhagen Malmo Port (CMP) has been forced to make substantial cutbacks as a result of the COVID-19 pandemic, including making 40 employees redundant.
In a statement, the Scandinavian terminal operator said that it has taken the action “despite a series of measures taken to minimise the impact, such as savings packages and the use of the financial assistance package from the government”.
It attributed the cutback to the pandemic’s effects on Asia, which it described as having “not regained normal capacity”, and Europe, which it said was closed.
Additionally, it claimed business had been significantly affected by a collapsing car market and cruise industry, which has stopped altogether.
Barbara Scheel Agersnap, CEO of CMP had this to say:
“It is with much regret that we see no other way out than to serve notice of lay-offs. This is a difficult message to give to the employees.
“We have tried, for some time, to find other solutions, including a comprehensive savings package that was initiated in March, and the central governments’ financial assistance packages that are being used in both Denmark and Sweden, unfortunately however this is not sufficient.
“The declines in number of calls and handled volumes, and thus loss of revenue, are too large.”