Wärtsilä to Lose 142 Staff in Finland Efficiency Move

MarineLink.com
Wednesday, March 19, 2014

Wärtsilä' says that its consultation process with employee representatives in Finland has been concluded. The process was initiated with the aim of reducing 200 jobs in Finland. As a result of the negotiations, the redundancy need has been confirmed to be 142 permanent employees.

Since the start of the restructuring process, the number of personnel has decreased and will decrease in near future, through natural attrition and retirements, therefore, the total target for job reductions will be achieved.

Wärtsilä employed 3,776 people in Finland at the end of December 2013. The majority of the redundancies will take place in Vaasa and the reduction measures are expected to be completed by the end of May. The employees who will leave the company as a consequence of the consultation negotiations will be offered support and consultation as well as assistance in re-employment.

The employee reductions in Finland are a part of the group-wide efficiency program initiated in January to secure future profitability and competitiveness. The program targets annual savings of EUR 60 million and is expected to lead to a reduction of approximately 1,000 employees globally. The consultation processes in the other affected countries are currently ongoing.
 

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Impact of Financial Crisis on Greek Shipping

Though international analysts like Morgan Stanley said that the Greek crisis will not have a direct impact on shipping companies, Greek shipping companies listed on U.

APL’s Schedule Reliability Scales Up

APL was the most reliable carrier with a global on-time performance of 85.5% in May 2015, according to the latest Global Liner Performance Report by SeaIntel Maritime Analysis.

Gazprom, Gasunie Sign Framework Agreement - LNG

At a Meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Han Fennema, CEO and Chairman of the Executive Board of Gasunie a Framework

Marine Power

Tony Abbott Guarantees Submarine Jobs

Prime Minister Tony Abbott has assured South Australians there will be more submarine jobs here even if he won’t commit to having a new fleet of vessels built there,

Research Vessel Concept a first for Voith

The new fisheries research vessel of the Shanghai Ocean University will be a first for Voith in several respects.   It is the first fisheries research vessel

MTU Powers RSN Navy's Littoral Mission Vessel

MTU to power eight Republic of Singapore Navy’s new patrol vessels. Employees and guests, including senior representatives from the Republic of Singapore Navy (RSN) and Ministry of Defence,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Port Authority Salvage Ship Repair Ship Simulators Sonar
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: 0.1243 sec (8 req/sec)