Independent journal on economy and transport policy
12:12 GMT+1
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Meyer Turku plans to lay off 450 employees
Other measures, including the use of redundancy and the reduction of hours, for an additional 900 workers
April 29, 2020
"The coronavirus pandemic - underlined Meyer Turku CEO Jan Meyer - has changed unexpectedly and radically the situation. We have to compare with the fact that blocking tasks crucifixion caused by the coronavirus requires a dilation of the order book (which consists of seven ships with deliveries originally planned until 2025, ed.)and we are currently discussing the details with our customers. This new situation will force us to adopt painful adjustment measures to ensure a sustainable future Finnish shipbuilding industry and its induced. Our programming , explained Meyer , was aimed at the Future. Now, unexpectedly, that future has changed and we have to adapt to that new future. Instead of implementing a further enhancement from the delivery of a ship to the delivery of two ships per year until 2023, now the forecast is Turku shipyard in the future will build a large cruise ship per year and will not increase capacity further.'
Meanwhile, Meyer Turku announced that he had closed the year 2019 with net sales of 1.14 billion euros, an increase of 18.1% on the previous year, and with a net loss of -109.7 million euros compared to a net profit EUR 29.0 million in 2018.
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