EMCC European Monitoring Centre on Change

Aker Yards

Aker Yards

Geographic Location

Country: Finland
Region: Manner-Suomi
Location of affected unit(s): Helsinki, Turku and Rauma


Sector: Manufacturing
Manufacture of transport equipment
30 - Manufacture of other transport equipment
Number Employed: 1250
Group: Aker Yards

Employment Effects

Announcement Date: 09-11-2004
Planned Job Reductions min: 315
Planned Job Reductions max: 315
Type of Restructuring: Merger/Acquisition
Employment Effect Start: 15-11-2004
Foreseen End Date: 31-01-2005
Direct Dismissals: 315

Additional Information

Aker Yards the shipyards company will start cooperation negotiations with its personnel. The number of job cuts in form of a direct dismissals is estimated to be around 700. The restructuring measures are due to the merger of the Finnish Kvaerner Masa-Yards and Aker Finnyards. On 18 January 2005 Aker Finnyards informed to cut its personnel by 315 as a result of the cooperation talks. According to the company the volume of orders has increased since the start of the negotiations leading to a lower number of job losses.