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300 jobs on the line in Wärtsilä Voyage shakeup

Wartsila Crew using training simulator
Wärtsilä announced it will streamline offerings at its digital technology-focussed segment Wärtsilä Voyage and cut up to 300 jobs.

Wärtsilä Voyage was shuffled into the company’s Marime Power business unit at the start of 2023 and, following a strategy review, will be refocused on fleet and port optimisation and related simulation and training services.

The parts of Voyage outside of the new strategic focus will be carved out and placed into Wärtsilä Portfolio Business, a business segment where divestments and other “strategic alternatives” are explored.

NACOS Navigation, NACOS Automation, Dynamic Positioning and sensors will all be moved to Wärtsilä Portfolio Business under the current plan in April 2023. The changes will bring up to 300 job cuts and create around 150 new jobs; Wärtsilä has initiated a formal process around those sackings.

Joining the Wärtsilä Voyage offcuts in the Portfolio Business will be the Marine Electrical Systems business unit which currently sits within the Marine Systems.

“Marine Electrical Systems largely serves different markets and customers than the rest of Wärtsilä and has limited strategic fit with the rest of the group. Therefore, we believe that an independent set-up and potential new ownership will be the best way forward for Marine Electrical Systems to develop and create shareholder value. Business continuity will be ensured, and current customer commitments will not be impacted,” says Tamara de Gruyter, EVP of Marine Systems and Portfolio Business.

The changes at Wärtsilä Voyage will allow the business to focus on port-to-port and vessel optimization services, the company said.

“We are committed to drive decarbonisation in the maritime industry and accelerate the turnaround of our former Voyage business. By combining digital capabilities with performance-based services, we plan to unlock synergies and offer our customers unique end-to-end solutions to optimise their vessel and port operations. The planned integration of these specific voyage offerings to our existing Marine Power portfolio will provide customers the strongest decarbonisation offering available,” says Roger Holm, President of Wärtsilä Marine Power.

The latest reshuffle follows the axing of Wärtsilä’s engine manufacturing business in Trieste, Italy last year.