Painful progress towards profitability

Article Abstract:

Increased competition in the global shipbuilding market, coupled with the reduction in subsidies, has adversely affected Astilleros Espanoles S.A.'s financial performance. In FY 1994, the company lost $714 million and is expected to lose $317 million in FY 1995. To revitalize itself, the company has appointed a non-shipbuilding personality, Antonio Mendoza, as its chairman. In addition, it has forged an agreement with unions calling for a reduction in workforce from 10,500 to 6,200 and a 35% increase in productivity.

Management, Spain, Astilleros Espanoles S.A.

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More cracked engines from Sulzer

Article Abstract:

The cause of cracks which have occurred in 11 Sulzer engines is discussed. The girder cracks are being investigated by shipbuilder Wartsila NSD, which has introduced a new bearing girder design for all future engines.

United States, Product information, Design and construction, Marine engines, Tankers, Tankers (Ships), Wartsila NSD, Cargo ships, Shipbuilding

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