Internal restructuring
Manner-Suomi; Etelä-Suomi;
Location of affected unit(s)
Transportation / Storage
Land, Water And Air Transportation
Water Transport
50.2 - Sea and coastal freight water transport

124 jobs
Number of planned job losses
Job loss
Announcement Date
28 January 2013
Employment effect (start)
Foreseen end date


Neste Shipping, a subsidiary of Finnish oil company Neste Oil, has announced redundancies of up to 130 employees. The company is starting negotiations with employee representatives on the proposed cuts.

Neste Shipping operates 24 vessels. It notes that low freight prices and increasing costs with no improved market situation in sight, have created a need to save 15 million Euros annually. Negotiations affect all 450 sea and land personnel.

Updated, 26-03-2013: Neste Shipping has concluded negotiations and announced 124 redundancies. Twenty-four employees will be dismissed and the remaining cuts will take place through retirement and elimination of temporary positions.


  • 28 January 2013: Taloussanomat
  • 28 January 2013: Neste Oil
  • 26 March 2013: YLE News


Eurofound (2013), Neste Shipping, Internal restructuring in Finland, factsheet number 74835, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74835.