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Wärtsilä withdraws outlook and launches cost-saving measures

The coronavirus outbreak now makes Finland's Wärtsilä suspend its guidance for this year. The company will also look for "temporary cost savings" totaling around EUR 100 million.

Photo: PR/Christoffer Björklund/PR/ Wärtsilä/Christoffer Björklund/Christoffer Björklund

Finnish supplier Wärtsilä now withdraws its market outlook due to the coronavirus.

The company also launches initiatives aimed at saving costs and limiting the impact of the virus outbreak, which has resulted in lower activity in the market. These include reduced work hours and "temporary layoffs."

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