Internal restructuring
Location of affected unit(s)
Finland, World
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

600 jobs
Number of planned job losses
Job loss
Announcement Date
17 July 2015
Employment effect (start)
17 July 2015
Foreseen end date
31 December 2016


Finnish manufacturer of industrial engines, Wärtsilä, has announced plans to cut about 600 jobs from its ship engine division, which it has renamed Marine Solutions. The job losses will affect staff in all functions. 160 of the jobs affected will be in Finland. The company announced that a share of the losses will be carried out through retirement.

The cuts follow reports of a weaker-than-expected quarterly profit. The company linked them to weak demand from the marine industry following the economic crisis and to low oil prices. The job cuts are to generate annual savings of €40 million, which are expected to come into full effect by the end of 2016.

Wärtsilä Marine Solutions currently employs 7,217 people globally. The company has an overall workforce of 17,700, and operates in 70 countries.


  • 17 July 2015: Reuters
  • 17 July 2015: Wärtsilä press release


Eurofound (2015), Wärtsilä, Internal restructuring in World, factsheet number 84293, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84293.