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    It would seem that Eurotunnel are going to rent them back to the ex workers?




    French court approves Eurotunnel takeover of SeaFrance ships





    A Paris commercial court Monday approved the purchase by Eurotunnel, the operator of the Channel tunnel between Britain and France, of three ships belonging to bankrupt ferry firm SeaFrance.

    The 65 million euro ($82 million) deal will see Eurotunnel rent the ships to a workers' cooperative of ex-SeaFrance employees, SeaFrance SCOP, that will allow the ferries to continue operating and save 560 jobs.

    "The court was favourable to the selection of Eurotunnel to take over the assets of SeaFrance," Stephane Gorrias, a court attorney appointed to handle the company's bankruptcy, told AFP.

    "This decision seems positive because it allows for operations to continue under the French flag and to create the conditions for significant long-term local employment," he said.

    SeaFrance, which employed 880 people in France and 130 in Britain, owned three of the four ships it ran across the Channel before a French court ordered it closed in January amid liquidation proceedings.

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