January 31, 2019

Wärtsilä To Enhance Competitiveness By Aligning Operations Globally

Wärtsilä Corporation will initiate a formal process to realign its operations and resources to secure future profitability and competitiveness.

The planned actions include an increased focus on targeted sales activities, developing the agreements-based and “as-a-service” business, reviewing the cost structure, as well as optimising the business portfolio and organisation.

The program is expected to lead to a reduction of approximately 1.200 employees globally. At the end of 2018, Wärtsilä had approximately 19.300 employees in more than 80 countries around the world.

The reductions will impact all businesses and support functions.

With these actions Wärtsilä seeks annual savings of EUR 100 million.