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Wärtsilä Confirms Layoffs at Turku

Maritime Activity Reports, Inc.

September 26, 2002

Negotiations with personnel representatives at Wärtsilä's Turku Factory have concluded. The factory will implement temporary layoffs in order to adjust the capacity to prevailing production volume. The layoffs will apply to 350 workers and will come into effect in mid-October. The layoffs will be implemented step by step this fall and during the first months of 2003.

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