Comment: Irish Ferries shareholders' sinking feeling

Speculators in the shares of Irish Ferries owner ICG have had the chance in recent months to punt on two possible outcomes: management secures its re-staffing on its Irish routes with cheaper non-Irish agency crews or the dispute drags the company in

19th November, 2005

Speculators in the shares of Irish Ferries owner ICG have had the chance in recent months to punt on two possible outcomes: management secures its re-staffing on its Irish routes with cheaper non-Irish agency crews or the dispute drags the company into deeper water.

ICG's rejection last week of the Labour Court decision has swung the advantage back (though maybe temporarily) to those investors who had warned that Irish Ferries management was asking for trouble...

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