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Meyer Turku job cuts total 250, down from original estimate

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Meyer Turku permanently eliminated 84 more jobs, on top of the 166 first announced in August
Meyer Turku job cuts total 250, counting those first announced in August.

This is down from the original estimate of 450 in April, at the start of COVID-19 pandemic.

In concluding its labor negotiations, the shipyard today announced the last wave of permanent layoffs: 84 people from outfitting and design functions, including nine blue-collar and 75 white-collar workers. Part of this workforce reduction will be achieved through retirement and other personnel arrangements.

This follows the 166 people let go in August.

'Painful steps'

'Unfortunately we have to take some painful steps to adjust to the actual market situation that obviously has changed dramatically during this year. We are continuously working on securing the future of the yard on a long-term basis,' Meyer Turku CEO Tim Meyer said.

Those losing their jobs will be offered personal guidance, support and specialized training to ease the transition.

Firm orders to 2026

In August, Meyer Turku concluded an agreement with its customers to stretch the fixed orderbook until 2026. This was an important step to stabilize the entire Finnish cruise shipbuilding cluster until the market for new orders recovers.

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