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29 July 2021 The on-line newspaper devoted to the world of transports 03:39 GMT+2

April 29, 2020

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Meyer Turku plans to lay off 450 employees

Other measures, including the use of unemployment benefits and reduction in hours, for another 900 workers

Finnish shipyard Meyer Turku plans to 450 of the 2386 employees due to the impact of the company's activity in the Covid-19 crisis. The company has announced the start of negotiations with representatives of workers who expect both redundancies and other measures, including the use of cash-offs and reduction in working hours for an additional 900 employees.

"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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