STX negotiates shipyard restructuring

Cooperation negotiations concerning the Rauma and Turku shipyards were carried out last month.

The current operations at the Rauma shipyard will be closed down and functions shifted to the Turku shipyard. As a result, a total of 670 jobs will be terminated by the end of June 2014: 620 at Rauma and 50 at Turku.

“In collaboration with national and regional employment authorities, the company will be offering concrete support and employment measures for employees who will be laid off as a result of the restructuring,” said Jari Anttila, deputy CEO, STX Finland.

In addition, around 80 people will transfer from Rauma to Turku.

STX says both shipyards have been underutilized and the company’s financial performance has been negative.

These decisions are expected to adapt the company capacity to the expected volume of demand.

The Turku shipyard is able to build all types of vessels, including ships requiring special arctic expertise, such as icebreakers.