Wärstilä announces another reduction of the staff



Today the Finnish group Wärstilä Corporationm, that it develops and it commercializes solutions for the generation of energy for the marine and terrestrial field, has announced the decision to slowly cut newly to places of work putting into effect a new one of reduction of the staff who follows that introduced to half 2015 ( on 17 July 2015). The company has specified that this time the reduction of the occupation will be of about 550 units, of which about 270 in Finland, and will regard mainly the staff of the Marine Solutions divisions, than currently counts 6,681 attache's, and Energy Solutions, in which 958 people work. Moreover the group has the intention of concentrate in Finland great part of the activities of research & development in the field of the engines.

Wärstilä has explained that "the conditions of the market in the field of the equipments are gotten worse. Although some improvement in the markets of generation of the energy has been perceived - it has specified the company - continuous the competitive scene to being difficult. Moreover the perspectives for the marine market permangono difficult because of the arranged effect of the excess of ability to the mercantile ships and the persistent lack of question in the offshore segment. Are also connected risks to shipowners who currently deal the extension of the contractual agreements of delivery in being".

According to the forecasts of Wärstilä, this reduction of the staff will allow annual savings pairs with about 50 million euros and the restructure measures will have a cost of about 50 million euros.

While the Finnish group has closed the first trimester of 2016 with a profit clearly of 60 million euros on a turnover clearly of 967 million euros, with decreases respective of the -30% and the -2% on the correspondent period last year. The operating profit is piled to 83 million euros (- 17%).

In the first three months of this year the new orders obtained from the group have reached a total value almost 1,3 billion euros (- 1%) and the value of the pocketbook orders on 31 March has been attested to 5,1 billion euros, advanced of +4% about regarding on March 31, 2015.

In the first trimester of the 2016 single Marine Solutions division it has confiscated new orders for 379 million euros (+13%) and has recorded a turnover clearly of 335 million euros (+4%).