Wärtsilä Ship Power Organizational Adjustments

The Ship Power business of Wärtsilä Corporation has finished the formal process in Finland and in some other countries, aimed at realigning its organization and resources. The negotiations were initiated at Ship Power to adjust to the substantially weakened global marine market situation.
 
In Finland, the co-operation negotiations, resulted in the reduction of 77 jobs. The major part of these job reductions will be implemented by internal job transfers within the company and by the expiration of temporary employment contracts. The result of the negotiations is that 28 Ship Power employees in Finland are under the threat of being made redundant.
 
Similar negotiations in several other countries have also come to an end. In the remaining countries, the adjustment process is proceeding as planned.
 
Wärtsilä Ship Power announced on 14 May that it had initiated the formal process to reduce 400-450 jobs, of which approximately 80 are in Finland. The process affects all of Wärtsilä Ship Power's 1,300 and some employees in all functions globally.
 
Wärtsilä Ship Power has employees within sales, project management, engineering services and ship design in 30 countries. In all, Wärtsilä Corporation has 19,000 employees. Wärtsilä has three businesses; Ship Power, Services, and Power Plants.