Negotiation to Save Finnish Shipyard Completed

MarineLink.com
Tuesday, November 05, 2013
The shipyard in Turku, which builds post-Panama class cruise vessels, is one of the biggest and most modern in Europe with a land area of 144 ha and a new building dock measuring 365 x 80 meters. (Photo: STX Finland)

STX Finland has been actively seeking solutions for saving the Finnish shipyard industry. In September 2013, the company launched a major restructuring aimed at safeguarding the operating potential of the company and, by extension, the entire maritime industry in Finland, thus ending the years of uncertainty. 

As part of the STX Finland Oy restructuring, cooperation negotiations concerning the Rauma and Turku Shipyards have been conducted between the personnel groups and the company management. The negotiations were completed on October 29, 2013. In accordance with the company’s earlier announcement, the current operations at the Rauma Shipyard will be closed down and functions shifted to the Turku Shipyard. By the end of June 2014, a total of approximately 670 employment relationships will be terminated: 620 at Rauma and 50 at Turku. In addition a total of approximately 80 people will transfer from Rauma to Turku. After workforce reductions, the total number of employees at STX Finland will be 1,655. The Turku Shipyard will have an overall strength of 1,365 employees, of which 870 are blue-collar workers and 495 white-collar workers. 

”In collaboration with national and regional employment authorities, the company will be offering concrete support and employment measures for employees who will be laid off as a result of the restructuring,” said Jari Anttila, Deputy CEO of STX Finland.

STX Finland has been exploring employment opportunities in its other units in Finland and discussed the personnel needs of other maritime cluster companies with its local partners. Employment authorities have set up a new branch office in the City of Rauma, providing information about how to apply for unemployment benefits and supporting reemployment by various means. The personnel will be offered information on, for example, job-seeking, retraining, entrepreneurship, pension plan opportunities, and other social services and benefits. The representatives of the employer and personnel groups will continue their close cooperation to increase support measures for the personnel.

Both the Rauma and Turku Shipyards have been underutilized and the company’s financial performance has been negative. The decisions now taken will adapt the company capacity to the expected volume of demand. The Turku Shipyard is able to build all types of vessels, including ships requiring special arctic expertise, such as icebreakers. The restructuring will not limit the company’s offering or reduce the volume of its operations.

“STX Finland is committed to successfully completing the restructuring process required to secure the future of the Finnish shipyard industry,” said Jari Anttila, Deputy CEO of STX Finland.

stxeurope.com
 

  • The Rauma yard with a building dock measuring 260 x 85 meters is a leading ferry builder, which also specializes in small cruise ships, multipurpose icebreakers and naval craft. (Photo: STX Finland)

    The Rauma yard with a building dock measuring 260 x 85 meters is a leading ferry builder, which also specializes in small cruise ships, multipurpose icebreakers and naval craft. (Photo: STX Finland)

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

People & Company News

Gazprom & Eni Close Rank

Sochi hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Claudio Descalzi, Chief Operating Officer of Eni.

MacGregor's Deck Equipment For Chinese Shipyard

MacGregor, part of Cargotec, has secured a comprehensive deck equipment contract from New Times Shipyard, in China, for Intership Navigation Co Ltd's three new 36,500 dwt Laker-class bulk carriers.

Strategy Can Maximize UKCS potential

Companies operating in the North Sea require a cultural shift to make the most of the its potential, according to a new report from Deloitte, the business advisory firm.

Shipbuilding

MacGregor's Deck Equipment For Chinese Shipyard

MacGregor, part of Cargotec, has secured a comprehensive deck equipment contract from New Times Shipyard, in China, for Intership Navigation Co Ltd's three new 36,500 dwt Laker-class bulk carriers.

Bollinger Delivers 11th FRC to the US Coast Guard

Bollinger Shipyards, Inc. has delivered the William Trump, the 11th Fast Response Cutter (FRC) to the United States Coast Guard.   The announcement was made by Bollinger Chief Operating Officer,

Australian Defence Minister Says Would Not Trust Submarine Firm to Build Canoe

Australia's defence minister has said he would not trust state-owned Australian Submarine Corp (ASC) "to build a canoe", fuelling expectations that most work in

Ship Repair & Conversion

Damen to Refit Helix Well Intervention Vessel

After having docked and repaired the MSV Seawell in 2012 and DSV Well Enhancer earlier this year, Damen Shiprepair Vlissingen (DSV) was contracted by Helix UK to

Damen, Palfinger Upgrade North Sea Jack-Up Rig

With the support of Palfinger systems JUMP technology, Damen Shiprepair Vlissingen has completed an upgrade of a Keppel Fels ‘N’ Class drilling rig, one of the largest in the North Sea,

Dutch Yards May Need to Rethink Contract Structures

Rotterdam-based law firm AKD said a recent decision of the Dutch courts means that shipyards in The Netherlands may no longer be able to rely on the right to retain

News

Woodside to Pick up Moroccan Acreage

Woodside advises that it has entered into a contract for an exclusive Reconnaissance Licence (RL) with the Office National des Hydrocarbures et des Mines, the

Gazprom & Eni Close Rank

Sochi hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Claudio Descalzi, Chief Operating Officer of Eni.

PGS Moves Asia Pacific HQ to Malaysia

Petroleum Geo-Services ASA : Kuala Lumpur Becomes the New Asia Pacific Regional Headquarters As a part of the plan to restructure PGS business activities

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1795 sec (6 req/sec)