TALLINN - The true cost of Tallink's take-over of the Silja Line shipping company has been revealed 's the newly-merged company will fire 260 staff in Sweden and Finland.
The Estonian-based shipping group announced it would "integrate the organizations of its Finnish and Swedish subsidiaries", cutting 260 jobs in the process.
All on-shore arms of the company will be affected; management, finance, IT, sales, marketing and procurement.
In Finland, the company's workforce of 700 employees will shrink by 180 people. In Sweden, 80 of the 270 jobs will be cut.
Tallink recently purchased the Silja Line, creating one of the biggest maritime companies in the Baltic region.