TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsFinnish cruise liner yard to shut, 700 jobs cut
Ship builder STX Finland says it will shut down the yard where some of the world's largest cruise liners were built as the weak global economy continues to hit the European industry
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
S
hip builder STX Finland says it will shut down the yard where some of the world's largest cruise liners were built as the weak global economy continues to hit the European industry.
Citing low profits and a lack of orders, the company says it will close the Rauma yard during 2014 with some 700 job cuts. Some operations will be moved to its nearby Turku shipyard.
STX Finland deputy chief Jari Anttila said Monday the closure is necessary to make the company profitable.
In 2011, Royal Caribbean Cruise Lines took delivery from STX Finland of what were then two of the world's largest cruise liners, each costing US$1.5 billion. The ships span 1,200 feet (365 meters) and can accommodate 8,500 people.
