Wartsila

Type
Internal restructuring
Country
Italy
Region
Location of affected unit(s)
Trieste, Genoa, Naples
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.1 - Manufacture of general-purpose machinery
28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
150 jobs
Number of planned job losses
Job loss
Announcement Date
29 January 2014
Employment effect (start)
1 April 2014
Foreseen end date
31 December 2014

Description

Finnish Wärtsilä, a provider of power solutions for the marine and energy markets, is to cut 150 jobs (out of 1,500) at its three Italian plants, located in Genoa, Naples and Trieste. The job cuts are part of a global restructuring plan involving approximately 1,000 job losses worldwide. The trade unions reacted to the company’s decision by going on strike.

Sources

  • 29 January 2014: Il Piccolo
  • 29 January 2014: Company press release

Citation

Eurofound (2014), Wartsila, Internal restructuring in Italy, factsheet number 76669, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76669.