Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1989
Wärtsilä Marine bankruptcy
The company collapsed after losses accumulated from underestimated Soviet projects, incorrectly calculated cruise-ship construction costs, expensive subcontracting, labour problems, and an inadequate liquidity position. The board declared immediate bankruptcy on 23 October 1989.
1987
Inherited contract and cost-estimation controversy
Projects inherited from Valmet were later found to carry substantial expected losses, while the costs of major cruise-ship contracts had also been underestimated. The episode became central to public criticism of the merger and the company’s financial controls.