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2010 October 4   11:39

Onega Shipyard eyes cutting over 500 jobs

Onega Shipyard CJSC (Petrozavodsk, Russia’s Karelia) plans to cut more than 500 due to financial crises of the enterprise, PortNews IAA reports citing a source in the company management. As the Center for Political and Social Research of the Republic of Karelia says, Onega Shipyard plans to sack 335 employees and 200 contractors. According to unconfirmed information, the company is being prepared for sale. The company authorities have not yet officially commented on the situation.

Earlier reports said Onega Shipyard launched in September the sixth multi-purpose 4,500dwt dry cargo ship of project DCV33.

Onega Shipyard founded in 1944 is located on the shore of Lake Onega in Petrozavodsk. In 2002 the enterprise started the modernization of its facilities and staff training. As a result, the company has been able to build ships on a turnkey basis. The plant delivered annually to the customer three vessels ready to operate. The shipbuilder has scheduled for delivery four vessels next year.

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