Meyer Werft Makes Cuts

Tuesday, April 01, 2003
Meyer Werft is negotiating new orders to build more cruise vessels and is hoping that respective decisions on the placing of orders will be made by this summer provided the war in Iraq will come to a soon end. The potential utilization identifiable from these negotiations will by far not suffice to employ the existing capacities. For this reason, a significant cutback of about 800 employees is mandatory. During today’s information meeting, Meyer Werft staff were informed about the forthcoming restructuring measures The management presented their plans how to secure jobs past 2004. The details of these plans are: Adjustment to capacities in line with the market Due to the difficult world economy and the reluctant market assessment Meyer Werft has to reduce their present staff of 2,600 by approx. 800. In doing so, the know-how indispensable for the shipyard, will not be affected. All measures required for a market-driven adjustment, will be discussed with the company’s staff council and the unions.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Chevron Suffers Loss, Plans Job Cuts

Chevron Corp. reported a first-quarter loss as slumping oil prices continued to drag down revenue. The company said that it is "on target" to lay off a total of 8000 workers by the end of 2016,

China COSCO to be First through the Expanded Panama Canal

China COSCO Shipping has won the draw for its container vessel Andronikos to make the ceremonial first transit through the Expanded Panama Canal during the waterway’s inauguration on Sunday, June 26.

Sellick Equipment to Open New Facility

On April, 20, 2016, at the young age of 97 years, Walter Sellick along with sons Howard Sellick - President, David Sellick - Vice President and grandson Colin Sellick - Systems Manager,

Maritime Security

Canadian Navy Frigate Refit Program Completed

Seaspan joined Harjit S. Sajjan, Canada’s Minister of National Defense, at an official ceremony today to celebrate the completion of the Halifax-Class Modernization/Frigate

Drug Interception at Red Hook Container Terminal

Approximately 121 pounds of heroin and eight pounds of cocaine were discovered in a shipping container of vegetables that was moving from Ecuador to Miami, Fla.

How France Sank Japan's Sub Dream

Ousting of Japan ally PM Abbott opened door to rivals; Tokyo slow to respond to new competitive process. In 2014, a blossoming friendship between Australian

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0843 sec (12 req/sec)