EnergyWatch

Scandal-stricken Danish manufacturer presents historic deficit

Failing orders and delays have left a big mark at power plant manufacturer BWSC, which has located an increasing share of its business in the same region where a number of employees were fired due to bribery cases in February.

"2018 did not turn out as planned". That is the opening statement in Burmeister & Wain Scandinavian Contractor's (BWSC) letter from the Chief Executive in its annual report.

And that is no exaggeration. It has been a terrible year for the power plant manufacturer on all parameters. In terms of safety, BWSC had to report its first fatal accident in many years, in Estonia a bout of bribery cases led to pink slips and several employees being reported to the police, while the humdrum bottomline was historically poor with a net deficit of DKK 160 million (EUR 21.4 million).

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Vattenfall raises emission cut target

The Swedish power company will tighten its climate profile even further in the coming years, with the whole value chain now set to achieve net-zero emissions before 2040.

Further reading

Related articles

Trial banner

Latest News

See all jobs