Wednesday, August 24, 2011

Tough Choices For BC Ferries

Layoffs and Reduced Sailings Possible

It is being reported in an article in the Times Colonist that the BC Ferry executives will be facing some tough choices in an attempt to deal with a loss that could now exceed $20 million.

Among some of the ways planned to deal with the losses are increased fares, cut out 400 sailings per year, encourage early retirement and layoff many on-call casual workers who were available to crew extra sailings. Keeping the two Spirit ships on the Tsawwassen-Swartz Bay route docked for most of the winter, is another cost saving measure.

Listed in the article as some of the reasons for the huge loss is the U.S. economy, high Canadian dollar, high fares, high salaries and changing travel patterns. As can be expected, poor management is not given as another reason for the loss. The corporation has some very well paid execs at the helm as well as on the board of directors Ultimately, they are the ones responsible for the current financial situation.


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