Ship slow­down

Cruise Weekly - - Front Page -

MA­JOR Euro­pean ship­builder Meyer Turku is lay­ing off 450 work­ers, and has an­nounced it will stick to man­u­fac­tur­ing one large ship per year rather than in­creas­ing to two.

The re­port came along­side dec­la­ra­tions of a 2019 loss of €109.7 mil­lion, at­trib­uted to the de­lay of Costa Smer­alda -a swing from a €29 mil­lion profit made last year.

How­ever, net sales were €1,141.8 mil­lion, up from €967 mil­lion the year be­fore.

“We are fac­ing the fact that the corona-caused pause in cruis­ing re­quires stretch­ing the or­der­book,” Meyer Turku said.

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