Redundancy plans shelved Plans by the Canaries' biggest ferry company to make a sizeable portion of its workforce redundant have been withdrawn just three weeks after they were announced.

Tenerife Icod de los Vinos Finca to sell SOLD A dream finca. ... more details Canary Islands - 20.08.2008 - Fred Olsen Lines had wanted to shed 14% of its employees as part of an overall restructuring to cope with the current economic crisis but it appears that talks with unions have failed to secure an agreement and the company has decided to rethink its strategy. A formal decision has yet to be made on which routes will be cut from the inter-island ferry schedule as of September to save on costs.

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