Wärtsilä Oyj

Type
Internal restructuring
Country
Finland
Region
Manner-Suomi; Etelä-Suomi; Varsinais-Suomi
Location of affected unit(s)
Turku
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
350 jobs
Number of planned job losses
Job loss
Announcement Date
13 September 2002
Employment effect (start)
Foreseen end date
1 January 2003

Description

As an result of the co-operation talks Wärtsilä will lay off 350 employees in order to adapt the capacity to meet the production volume. The lay offs will start in mid October and they will be carried out during the autumn and in the beginning of 2003.

Citation

Eurofound (2002), Wärtsilä Oyj, Internal restructuring in Finland, factsheet number 59166, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59166.