Wärtsilä´s consultation process in Finland c...

Wärtsilä Corporation, Press release, December 8, 2010 at 15:00 EET
As announced on October 18, 2010 Wärtsilä has decided to implement a global
design for all its support functions in order to support the business in the
most efficient way.
To adjust to the new global way of working and lower volumes a consultation
process with employee representatives was initiated with the aim to reduce 130
jobs in the support functions in Finland. In the consultations concluded today
the redundancy need has been verified to be a maximum of 85 permanent employees,
of which 41 employees in the information management organisation. The majority
of the redundancies will take place in Vaasa. The number of employees in
Wärtsilä´s Finnish units today totals 3,440, of which in Vaasa 2,870, in Turku
290 and in Helsinki 280.
In addition to the permanent employee redundancies, the number of personnel will
be reduced by not continuing temporary contracts and by retirement schemes. The
persons under threat of redundancy will be offered job application and re-
employment consultation and support for further training.  In its Information
Management organisation, Wärtsilä is preparing to build competence centres in
China and India to support the growing Asian markets and Wärtsilä´s global
functions.
On October 18, 2010 Wärtsilä announced a plan to reduce approximately 400 jobs
globally in its support functions and information management. In addition to
Finland reductions are planned to be made in approximately 30 other countries.
All these job reductions are part of the restructuring plan to reduce 1,400 jobs
globally as announced in January.
For further information, please contact:
Mr Atte Palomäki
Group Vice President, Communications & Branding
Wärtsilä Corporation
Tel. [phone]
Mr Juha Kytölä
President, Wärtsilä Finland Oy
Tel. [phone]'
Mr Raimo Lind
Executive Vice President & CFO
Wärtsilä Corporation
Tel. [phone]
Wärtsilä in brief
Wärtsilä is a global leader in complete lifecycle power solutions for the marine
and energy markets. By emphasising technological innovation and total
efficiency, Wärtsilä maximises the environmental and economic performance of the
vessels and power plants of its customers. In 2009, Wärtsilä's net sales
totalled EUR 5.3 billion with more than 18,000 employees. The company has
operations in 160 locations in 70 countries around the world. Wärtsilä is listed
on the NASDAQ OMX Helsinki, Finland.








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