Norwegian ropax owner Color Line said it needs to lay off 300 full-time workers after suffering losses during lockdown.
The company is launching a "comprehensive and lasting cost-cutting programme" to knock NOK 250m ($28m) off its costs from 2021, its parent Color Group said on Friday.
The move is being made "for increased profitability, and efficiency, following many years of investments in digitalisation and new technology/logistics systems, combined with increased centralisation", the group added.
