{"id":8114,"date":"2020-04-16T11:11:40","date_gmt":"2020-04-16T08:11:40","guid":{"rendered":"https:\/\/www.al-sindbad.net\/royal-caribbean-axes-5000-jobs-amid-prolonged-cruise-ban\/8114\/"},"modified":"2020-04-16T11:11:40","modified_gmt":"2020-04-16T08:11:40","slug":"royal-caribbean-axes-5000-jobs-amid-prolonged-cruise-ban","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/royal-caribbean-axes-5000-jobs-amid-prolonged-cruise-ban\/8114\/","title":{"rendered":"Royal Caribbean axes 5,000 jobs amid prolonged cruise ban"},"content":{"rendered":"

<\/p>\n

\"Quantum
Quantum of the Seas; Source: Royal Caribbean Cruises<\/figcaption><\/figure>\n

Cruise liner major Royal Caribbean Cruises has announced major job cuts amid the impact of the COVID-19 pandemic on its business, targeting over 5,000 employees in the United States.<\/strong><\/p>\n

The company revealed the decision on Wednesday saying it would lay off or furlough approximately 26 percent of its U.S. workers.<\/p>\n

“We earlier announced the early conclusion of many crew contracts,” <\/em>the company said in a statement.<\/p>\n

“The circumstances of the pandemic made this action unavoidable, and it hurts to part ways with so many good and talented people.”<\/em><\/p>\n

The pandemic has inflicted a major financial blow to the cruise shipping industry, and the light at the end of the tunnel is nowhere in sight as cruise sailing bans continue to be extended.<\/p>\n

Earlier this month, the U.S. Centers for Disease Control and Prevention (CDC) extended the ‘No Sail’ order for cruise ships<\/a> that could last up to\u00a0100 additional days depending on the developments concerning the pandemic.<\/p>\n

RCL’s global sailings are currently suspended through May 11, 2020. <\/p>\n

In order to overcome the financial strain from the crisis, the cruise ship owner and operator has turned to lenders <\/a>to amend some of its loans in order to ensure some financial relief for its operations.<\/p>\n

Royal Caribbean said in March that it had over USD 3.6 billion of liquidity comprised of cash deposits and its existing undrawn revolving credit facilities. <\/p>\n

Despite these efforts, the cruise shipping giant is likely to see its earnings fall for the upcoming period, however, it is still early to estimate the extent of the impact.<\/p>\n

Together with its four global brands and joint ventures, the company operates a combined total of 61 ships with an additional seventeen on order.<\/p>\n

The post Royal Caribbean axes 5,000 jobs amid prolonged cruise ban<\/a> appeared first on Offshore Energy<\/a>.<\/p>\n

world maritime news<\/p>\n","protected":false},"excerpt":{"rendered":"

Quantum of the Seas; Source: Royal Caribbean Cruises Cruise liner major Royal Caribbean Cruises has announced major job cuts amid the impact of the COVID-19 pandemic on its business, targeting over 5,000 employees in the United States. The company revealed the decision on Wednesday saying it would lay off or furlough approximately 26 percent of …<\/p>\n","protected":false},"author":1,"featured_media":8115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[4872,1736,2052,1153,1984,4198,1527],"class_list":["post-8114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news","tag-axes","tag-ban","tag-caribbean","tag-cruise","tag-jobs","tag-prolonged","tag-royal"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/8114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=8114"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/8114\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/8115"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=8114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=8114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=8114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}