SeaFrance sinks as fight goes on

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SeaFrance has been riding the waves for a few months but today it finally sunk.

Liquidators shut shop on the French cross-channel ferry company with the loss of 1,000 jobs, 127 in Dover.

Passengers who have already booked will get their money back.

SeaFrance stopped operating their three-ferry service between Dover and Calais last November because they were in financial trouble. Workers had wanted to form a co-operative but the plan was rejected by the Court of Commerce in Paris. 

But there is a glimmer of hope. French President Nicolas Sarkozy was last week determined to keep the company going, saying it was his "duty" and after today's decision said he wouldn't give up. His ministers are meeting with staff and liquidators next week.

The president will be keen to win some brownie points with his people as French elections are looming.

So let's hope SeaFrance is thrown a lifebelt and is buoyant once again.


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