Unique Cruise Solutions

The news you need to know

Home

 

Special Features

 

Headlines

 

Industry Insider

 

Ports & Itineraries

 

Worldwide's News

 

Back to Menu

 

Back to News Menu

Cruise News for the Corporate Travel Professional

October 2010 Edition

Menu

Past Issue
Hot Cruise Deals
Cruise Products
Ship Report Archives
Resources
About us
Our Services
Contact Us
End Subscription
Our Web-Site
Privacy Policy

Fincantieri maintains yard closures still a last resort

 
Workers at Fincantieri yards around Italy are up in arms after the draft of an internal market study proposing the closure of two of the Trieste-based company’s eight Italian yards was leaked to the Rome-based daily newspaper La Repubblica.

The study singled out Fincantieri’s yards at Castellammare di Stabia near Naples and Riva Trigoso near Genoa as candidates for closure, while Palermo would be scaled back. Castellammare’s recent orders include four giant cruise ferries for Grimaldi and it is currently working on a hull section for a new Carnival group ship. Riva Trigoso specialises mostly in military work.

The yards have a direct workforce of 660 and 1,000 workers respectively, many of whom have been subject to temporary lay-off over recent months as the demand squeeze has continued with little interruption. Fincantieri employs around 9,000 direct workers in Italy, and roughly three times as many sub-contractors.

Fincantieri, like its competitors around Europe, has been under mounting pressure since new vessel orders ground almost to a halt with the economic crisis. It has introduced temporary layoffs and other cost-cutting measures while seeking to winkle out orders wherever it could find them.

Mindful of the potential social and political consequences of yard closures, however, the state-owned company has always spoken of such drastic action as a last resort, preferring instead to offer reassurances that what work did come in would be spread around its network of yards.

This week, Fincantieri was still insisting that nothing had changed on that score. ‘The company has taken no decision,’ it said in a statement. ‘Naturally, depending on how business goes and on the serious market crisis that everyone sees, we try to anticipate various scenarios, in part so that we are not caught unprepared.

‘Our aim is to safeguard jobs as much as possible, and to avoid having to take action with long-term consequences. That is why we have to study all possibilities.’

Fincantieri added that ‘as far as the global market goes, we are optimistic that orders for large cruise ships will return, while the market for every other type of ship is completely flat. At the same time, we have been arguing for years that some of our yards need investment in infrastructure in order to be productive, particularly at a time when the crisis has rendered competition even more fierce than usual.’

Castellammare is in particular need of investment: it still launches ships in the traditional manner and has waited years for the installation of a long-promised floating dry dock. Sestri Ponente in Genoa, meanwhile, is badly in need of space, but plans for expansion into the sea have yet to be implemented.

 

   
 

   
 

Up

   
   

 

   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Up

Worldwide Travel & Cruise Assoc., Inc.

150 S. University Dr.  Ste E, Plantation, FL 33324 - USA

Tel: +1 954 452 8800  Fax: +1 954 252 3945

EMail: sales@cruiseco.com

Designed & Published by: Worldwide Media.