August 25, 2003
Redundancies at Kvaerner Philly
In its latest quarterly report, Aker Kvaerner notes that a "thorough review carried out in connection with the commissioning of Kvaerner Philadelphia's first containership in the second quarter revealed higher costs and lower productivity than previously expected."
Aker Kvaerner says it "acknowledges that the substantial commitment made to turn Kvaerner Philadelphia into an efficient and commercial yard has not so far given the desired results. Revised plans are being drawn up, aiming to further strengthen the yard's capabilities within project management, procurement and construction management. Overhead costs are being reassessed again, and staff has been notified about future redundancies."
One Marine Log source says that some 25 engineering and administrative staff lost their jobs last week and that cuts in the design department are imminent.