Wärtsilä

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
(24 - 25) Manufacture of metals
25 - Manufacture of fabricated metal products, except machinery and equipment
25 - Manufacture of fabricated metal products, except machinery and equipment
400 - 500 jobs
Number of planned job losses
Job loss
Announcement Date
11 September 2003
Employment effect (start)
Foreseen end date

Description

Wärtsilä has announced plans to cut its labour force by 400-500 employees. The majority of dismissals will take place in Mulhouse (France) where an factory will be shut down. At the same time when this decision was made Wärtsilä has planned to start a factory in China.

Sources

  • 11 September 2003: Helsingin Sanomat

Citation

Eurofound (2003), Wärtsilä, Internal restructuring in World, factsheet number 59086, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59086.