EMCC European Monitoring Centre on Change

Baltic Yachts

Company/Organisation:
Baltic Yachts

Geographic Location

Country: Finland
Region: Pohjanmaa; Länsi-Suomi; Manner-Suomi

Company

Sector: Manufacturing
Manufacture of transport equipment
30.1 - Building of ships and boats
Number Employed: 270

Employment Effects

Announcement Date: 02-06-2017
Type of Restructuring: Business expansion
Planned Job Creation: 30

Additional Information

Finnish manufacturer of boats, Baltic Yachts, is expanding with 30 new employees during 2017. The company's revenue increased with 14.6% last year and the order book is filled creating a need for an expansion of the business and new employees. In addition to the 30 new employees to be hired Baltic Yachts has already hired 20 employees during 2017. 

The ERM has previously reported on growth and new jobs within the Finnish shipbuilding industry with the Turku Shipyard expanding with 500 new employees during 2017-2018.