The firm’s owners, Sogestran, told staff yesterday that the company was not going to recommence sailings from Jersey to St Malo.
Emeraude car ferry services stopped on 20 December last year but the company announced recently that it was ready to return to run a passenger only service some time after 15 May.
Local manager Gordon Forrest has worked for the ferry company in its various guises for 26 of the 29 years it has operated.
He said: ‘It is very sad.’