Lindo Shipyard might axe 2,000 out of 2,700 jobs

June 22, 2009

Denmark: Lindø Shipyard may be forced to cut 2,000 jobs in the workforce total of 2,700.

Lindø Shipyard may be forced to cut 2,000 jobs by the second quarter of 2010 if the shipyard does not receive new orders. Lindø has not received any orders since the first quarter of 2008. “The situation does not look good and things have become worse lately,” said Lindo CEO Finn Buus Nielsen in a Maritime Danmark story which quoted the Daily Borsen. “The adjustment is needed when taking into consideration the way our construction programme looks these days. If our products are not purchased we have to throttle down.” According to the report, Lindø yard owner AP Møller-Maersk may even decide to completely shut down the yard with a workforce total of 2,700, once its orderbook to 2011 is fulfilled. A final decision will be reached by the start of the northern summer holidays.

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