Job losses after Wärtsilä restructure

The company believes a strengthened port-to-port voyage optimisation will benefit customers by lowering costs and reducing emissions in marine operations.

“We are committed to drive decarbonisation in the maritime industry and accelerate the turnaround of our former Voyage business,” explained Roger Holm, president of Wärtsilä Marine Power.

“By combining digital capabilities with performance-based services, we plan to offer our customers unique end-to-end solutions to optimise their vessel and port operations,” he added.

Under the integration NACOS Navigation, NACOS Automation, Dynamic Positioning and Sensors will be merged into a new business unit and moved to Wärtsilä Portfolio Business during April 2023. This will mean the loss of 300 positions although 150 new ones will be created.

The business unit Marine Electrical Systems, currently part of the Marine Systems business, is also slated to be moved to Portfolio Business

“Marine Electrical Systems largely serves different markets and customers than the rest of Wärtsilä and has limited strategic fit with the rest of the group,” said Tamara de Gruyter, executive vice president of Marine Systems and Portfolio Business.

“Therefore, we believe that an independent set-up and potential new ownership will be the best way forward for Marine Electrical Systems to develop and create shareholder value,” she added.