Wärtsilä Ship Power Organizational Adjustments

Monday, June 29, 2009

The Ship Power business of Wärtsilä Corporation has finished the formal process in Finland and in some other countries, aimed at realigning its organization and resources. The negotiations were initiated at Ship Power to adjust to the substantially weakened global marine market situation.
 
In Finland, the co-operation negotiations, resulted in the reduction of 77 jobs. The major part of these job reductions will be implemented by internal job transfers within the company and by the expiration of temporary employment contracts. The result of the negotiations is that 28 Ship Power employees in Finland are under the threat of being made redundant.
 
Similar negotiations in several other countries have also come to an end. In the remaining countries, the adjustment process is proceeding as planned.
 
Wärtsilä Ship Power announced on 14 May that it had initiated the formal process to reduce 400-450 jobs, of which approximately 80 are in Finland. The process affects all of Wärtsilä Ship Power's 1,300 and some employees in all functions globally.
 
Wärtsilä Ship Power has employees within sales, project management, engineering services and ship design in 30 countries. In all, Wärtsilä Corporation has 19,000 employees. Wärtsilä has three businesses; Ship Power, Services, and Power Plants.

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Offshore Driller Noble Corp Q1 Earnings Beat Forecasts

Noble Corp., a leading offshore driller, reported first-quarter net income on Wednesday of $0.99 a share, higher than consensus forecasts, as new rigs helped lift revenues.

WireCo Acquires Netherlands’ Endenburg

Company will open new crane distribution center WireCo WorldGroup Inc., the world’s leading producer and marketer of specialty steel ropes and high synthetic ropes,

Keppel Q1 Profits Dip Slightly

The Keppel Corporation released its limited unaudited results for the first quarter ending March31, 2014, reporting a 5% decrease in net profits to S$339 million compared to Q1 2013's S$357 million,

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Salvage Ship Repair Shipbuilding / Vessel Construction Sonar Winch
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: 0.0853 sec (12 req/sec)