Wartsila Layoffs Job Cut: may fire 450 employees

The news is not good for the employees of the Wartsila, which is a ship engine maker. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest on to add to the list is the Wartsila Organization, which may be going for layoffs.
How many employees may be fired in the Wartsila layoffs?
As per the reports, there can be around 450 layoffs by Wartsila.

What is the total no. of employees of Wartsila?
The total no. of employees of Wartsila is arouond 19,000 as of now, spread acros 70 countries.

What will be the cost and savings by Wartsila layoffs?
The expected savings are euro30 million ($40 million) by 2010.

When will the Wartsila layoffs happen?
No conrete info is available about the dates.

Which locations and department of employees will be affected by the Wartsila layoffs ?
No info is available about that.

What is the primary reasons for Wartsila layoffs?
The company is going for cost cutting plan.

Any other news about Wartsila layoffs
As per Forbes, The group's net sales were euro4.6 billion in 2008, up 23 percent on the previous year.
Let's hope that alternative jobs are available to the affected employees of Wartsila Layoffs Job Cut