Ferry company Stena Line to cut 950 jobs in Sweden due coronavirus

Ferry company Stena Line will cut 950 jobs in Sweden as a result of the coronavirus outbreak and the travel restrictions imposed by several countries, the company said on Monday.

The company was experiencing a "drastic decline" in travel bookings as a result, with the worst effect experienced in Scandinavia, it said. "At present, it is estimated that passenger operations will not recover before the peak season in summer," the company said in a statement.