STX shuts down large Finnish yard with 750 employees

STX Finland is now closing its shipyard in the city of Rauma, which employs 750 people. The yard will run out of orders by 2014. The drastic restructuring moves the production to the group's yard in Turku.


STX will close its shipyard in Rauma, which employs more than 750 people, by June 2014. Following this, the company will move the production to STX's yard in Turku, says the company in a press release.

“The decisions made now are based on a realistic estimate of the company’s current state and the market outlook. They will halt the company’s vicious circle of losses, now in its sixth year, and lay the foundation for a profitable business,” says Jari Anttila, vice president of STX Finland.

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