Wärtsilä exits grueling restructuring period

During the past two years Wärtsilä Denmark has fired employees and increased efficiency to get the bottom line back in black. Now the company is ready to grow again.

Photo: Pressefoto

Subcontractor Wärtsila Denmark now has room to breathe again. But getting to this point has been a hard journey and has required more than just minor changes; it has taken many sacrifices in northern Jutland, where the company has its primary headquarters. When the restructuring process first began some two and a half years ago, Claus Vogel went from Sales Director to serving as CEO, and he had to make some necessary and drastic decisions. He describes the reaction in the local region as horrifying:

"It was a local disaster, as there weren't many positive stories in the region at that time, so the news raised concerns with both unions and political circles," Claus Vogel tells ShippingWatch.

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