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Marine Log

October 11, 2007

Hawaii Superferry lays off 249 employees

Hawaii Superferry remains unable to operate until either it completes a court-mandated environmental impact assessment or the state legislature acts to negate a Maui court ruling made on Tuesday, October 9, 2007

As a result, president and CEO John Garibaldi today issued a statement saying "It is with a heavy heart that I must share the news that we will be furloughing 249 members of our Hawaii Superferry family at the end of today. This includes 36 residents of Maui, 35 residents of Kauai, and 178 residents of Oahu."

Hawaii Superferry is retaining 59 employees to handle administrative and operational needs during what Garibadi termed "this period of uncertainty."

"Over the past seven weeks, we have been very optimistic, but candid, with our employees regarding the various judicial proceedings on Maui," said Garibaldi. "An unavoidable consequence of the recent ruling is that we have reached the point where Hawaii Superferry can no longer bear the financial cost of fully retaining its workforce."

"We remain committed to providing Hawaii's residents and businesses with a safe and reliable interisland ferry system," concluded Garibaldi. "It is our hope that we will have the opportunity to bring our furloughed employees back to work in the near future."

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