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Wärtsilä axes 1,000 jobs

Wärtsilä cuts 1,000 employees in a move related to the round of savings aimed at, ultimately, adding 60 million euros to the company's bottom line. A big part of the reductions will happen in Finland. 

Photo: Wärtsilä

As part of a large-scale reorganizing process at Wärtsilä, 1,000 jobs will be cut. The company hopes to save 60 million euros with this maneuver, which - among other things - means that 200 Finnish employees will lose their jobs, says the company in a press release Wednesday morning.

CEO Björn Rosengren and the rest of the Finnish supplier's executive team expect that the axed jobs - which will be felt at Wärtsilä's units across the globe - will bring the result for 2014 back on a more positive track than the one presented today, Wednesday, in the company's annual report for 2013.

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