Wärtsilä Corporation Financial statements bulletin 2014

Restructuring programmes

In January 2014, Wärtsilä initiated a global efficiency programme in order to realign Wärtsilä’s organisation to secure its future profitability and competitiveness. The restructuring measures were completed by the end of 2014. The programme will result in a reduction of approximately 1,000 employees globally. At the end of the January-December 2014 review period, approximately EUR 30 million in savings had materialised. The full impact of the targeted EUR 60 million annual savings will be seen in 2015. The non-recurring costs related to the restructuring measures were EUR 53 million, of which EUR 11 million was recognised in 2013 and EUR 42 million during the review period January-December 2014.

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