STX Finland to lay off up to 350 at shipyards

TX Finland, the builder of the world's largest cruise liners, said Wednesday it will permanently lay off up to 350 workers as orders for new vessels have dwindled.
CEO Juha Heikinheimo said the redundancies, at two yards in southwestern Finland, will likely begin next year because of poor demand and a "need to improve competitiveness."
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Source: BusinessWeek