Employment impact of the Turku shipyard continues to grow in Finland

The direct and indirect employment impact of the Turku Shipyard continued to grow in 2021 by over 13 percent, according to a regional impact study of the shipyard conducted by the University of Turku.

In 2021, 71% of the shipyard’s suppliers were Finnish companies and 60% of the value of deliveries came from domestic suppliers. Photo: Meyer Turku.

The employment impact of the Meyer Turku shipyard has increased in recent years, benefiting both the local Turku region and the overall Finnish employment market. The shipyard and its suppliers have contributed to a 13% increase in direct and indirect employment impact for all of Finland and a significant 42% increase for the Turku region.

While most employees are based in Turku, other municipalities in Southwest Finland, such as Kaarina, Raisio, Lieto, and Naantali, have also seen employment growth. The shipyard has expanded its supplier network, with approximately 100 new companies added in the past three years, leading to increased Finnish employment. The shipyard's suppliers are located throughout Finland, with 42% in Southwest Finland and 38% in Uusimaa.

The shipyard's value of deliveries comes from various regions within Finland, including Kanta-Häme and Ostrobothnia, as well as from foreign countries such as the UK, Poland, and Italy. The shipyard is committed to designing and building large, modern, and environmentally friendly cruise ships, contributing to its stable order book and overall growth. In 2021, the shipyard's turnover exceeded 972 million euros, with a combined turnover of approximately 2.1 billion euros when considering its direct supplier companies.

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