I have followed with interest over the past three years the successful operation of the cross-channel ferry MyFerryLink, which (following the collapse of the former company SeaFrance) has been managed as a workers’ cooperative (or in French, a cooperative society, a SCOP).
Encouraging, MyFerryLink’s business has been growing: turnover has grown from 74m euros in 2013 to 93m last year. Despite this, there are choppy waters ahead for the coop, however.
The arrangement has been a complicated one. It was Eurotunnel which purchased the boats from the old SeaFrance, and then sub-contracted with the newly established cooperative the actual running of the service. Eurotunnel’s involvement attracted the critical attention of the UK’s Competition and Markets Authority on the basis that the Channel Tunnel’s operator shouldn’t also be running boats. The net result has been that Eurotunnel announced in January this year that it was selling the business.
Where this leaves the coop is not clear. Any new owner of Eurotunnel’s boats might be happy to maintain the arrangement with the coop – but then again, it might not.
It’s a difficult time. It’s further complicated by the fact that the chair of the Supervisory Board of the cooperative Didier Cappelle, one of the leading lights behind the original coop proposal, appears to have lost confidence in the management of the coop.
I’ll try to keep you posted as the story develops. (Meanwhile my thanks to Angela Greenwood who, by complete coincidence, gave me this afternoon last Thursday’s copy of Libération which ran a full page feature on developments at MyFerryLink. The piece is also available at the moment on Libé’s website.)