Wärtsilä plans to further optimise its European engine manufacturing footprint
Wärtsilä Corporation, Inside information, 14.7.2022 at 09:30 EESTWärtsilä plans to further optimise its European engine manufacturing footprint Wärtsilä plans to ramp down manufacturing in Trieste, Italy and to centralise its 4-stroke engine manufacturing in Europe to Vaasa, Finland. Ending the manufacturing in Trieste is expected to impact approximately 450 employees with potential redundancy. The estimated full annual cost savings are approximately 35 MEUR by 2025 and the associated transformation costs are expected to be approximately 130 MEUR, out of which the cash flow impact is