Internal restructuring
Location of affected unit(s)
Helsinki, Turku, Vaasa
Manufacturing Of Machinery And Equipment
Manufacture Of Machinery And Equipment N.E.C.
28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines

142 jobs
Number of planned job losses
Job loss
Announcement Date
29 January 2014
Employment effect (start)
1 May 2014
Foreseen end date
31 December 2014


Wärtsilä, a manufacturer of engines for ships and power plants, has announced redundancies of up to 200 of its 3700 employees in Finland. The company has started negotiations with employee representatives on the proposed cuts. Altogether, the company plans to reduce 1000 employees globally.

Wärtsilä cites the need to improve its profitablity and competitiveness as the reason for the proposed cuts and it expects EUR 60 million in annual savings. Wärtsilä expects to attain the savings fully by the end of 2014. The company has operations in 3 cities in Finland, most in Vaasa.

A Wärtsilä union representative expressed shock over the company's announcement. He stated that the personnel was used to organisational changes and was aware of speculation to sell the company but was not expecting redundancies.

Updated, 19-03-2014: Wärtsilä has concluded negotiations and confirmed the loss of 142 jobs in Finland.


  • 29 January 2014: YLE News
  • 29 January 2014: Taloussanomat
  • 29 January 2014: Wärtsilä press release
  • 29 January 2014: Press release of labour union Pro


Eurofound (2014), Wärtsilä, Internal restructuring in Finland, factsheet number 76558, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76558.