ShippingWatch

Huge layoffs at Wärtsilä due to weak shipping market

Finnish Wärtsilä is now feeling the impact of a weak shipping market and will lay off hundreds of employees in its marine division.

Photo: Wärtsilä

The poor market conditions for shipping are now having direct consequences for the Finnish industry supplier, Wärtsilä, which is foreboding significant cuts in the division for marine solutions, according to the company in relation to the second quarter interim report 2015.

In total, the company plans to reduce the number of jobs in the division by 600 positions including 160 in Finland. Some of the positions will occur automatically through retirements, Wärtsilä writes.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs