Jan Meyer: “Our prep work have actually been for the future. Now all of a sudden that future has actually transformed as well as we need to readjust
Finland’s Meyer Turku shipyard today divulged monetary outcomes for 2019 that consisted of a loss of EUR 107.9 million (regarding $117 million), compared to an earnings of EUR 29 million in the previous year, as well as stated that it is currently seeking to lose some 450 long-term tasks.
The shipyard began labor arrangements on short-term discharges in the center ofMarch Since after that, it claims, the influence of the corona infection pandemic on its cruise ship market clients’ market scenario is requiring it to transform the extent of the arrangements. These arrangements will certainly consist of the long-term discharge of 450 individuals with one more 900 are impacted by actions that consist of short-term discharges of various sizes, job time modifications as well as various other setups. All employees teams as well as degrees belong to the arrangements.
“The corona pandemic has changed the situation unexpectedly and totally,” stated Chief Executive OfficerJan Meyer “We are facing the fact that the corona-caused pause in cruising requires us to stretch the order book. We are currently discussing the details with our customers. This new situation will force us to take painful adaptation measures to secure a sustainable future for Finnish cruise ship building and the network.”
“Our preparations have been for the future,” proceededMeyer “Now unexpectedly that future has changed and we have to adjust to that new future. Instead of a further ramp-up from one to two large ships delivered per year until 2023, the estimation is now that Turku shipyard will in the future build one large cruise ship per year and not further ramp-up.”
The specific adjustments to the structure as well as shipment times of the 7 ships in Meyer Turku order publication (previously getting to up until 2025) are still under arrangements with the shipyard’s clients.
Reporting its 2019 monetary numbers, Meyer stated that the loss for the fiscal year was generally attributable to hold-ups with the Costa Smeralda job because of problems with the shipyard’s considerable ramp-up in task before the existing scenario as well as the LNG-fueled ship’s dimension as well as intricacy. The losses are generally pertaining to postponed shipment of Costa Smeralda as well as bookings for the coming years.
