SENATOR LINES CONFIRMS STAFF REDUCTION

SENATOR LINES CONFIRMS STAFF REDUCTION    Senator Lines, an ocean carrier based in Bremen, Germany, said on Wednesday that reducing the number of its employees was an “unavoidable” part of the company’s “in-depth restructuring plan” announced Tuesday.
   A previous press statement had said, “the target is to concentrate on profitable businesses only and to increase activities in those markets,” and predicted the company would be “leaner and more flexible for the future.”
   Hans-Hermann Mohr, chief executive officer and co-managing director of Senator Lines, said Wednesday that “the management of Senator Lines wants to point out that “the current market situation of low rates and huge trade imbalances is not satisfying, and forces Senator Lines to reconsider its status as a global carrier. Non-profitable transport routes shall be restructured and partly sized down on a temporary basis.
   “These streamlining measures will mainly affect transpacific and transatlantic routes. It is guaranteed that existing service contracts with our customers will be honored without reservation,” Mohr said.
   “This restructuring of Senator Lines service network will not be without any influence on the personnel situation, and management confirms that a certain staff reduction is seen as unavoidable. Contrary to different reports, there are no concrete details existing and available,” Mohr explained.
   “Furthermore, there are no concrete plans at the moment for a move of Senator Lines headquarters from Bremen to Hamburg,” he said.