Wärtsilä in large-scale layoffs due to yard crisis

Fewer newbuildings and the standstill in the offshore sector mean that Wärtsilä is cutting 550 jobs. This announcement arrives in relation to the first quarter interim report, which shows a decline in the operating result.

The Finnish engine manufacturer Wärtsilä is removing 550 jobs.

This is a measure to save money during hard times where fewer ships are being constructed than before, all while demand from offshore players has basically disappeared because of the low oil price, informs the company in relation to the presentation of the first quarter interim report 2016.

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