Wismar Submarine Yard May See 1,500 New Jobs as TKMS Lands Another Submarine Order
dpa-afx/md Frankfurt
Thyssenkrupp subsidiary TKMS announce formation of approximately 1,500 fresh job opportunities.
German shipbuilder Thyssenkrupp Marine Systems (TKMS) has secured a major contract for two new Type 218SG submarines from Singapore’s Defence Science and Technology Agency (DSTA), potentially leading to up to 1,500 new jobs at its Wismar subsidiary. A company spokesperson highlighted this potential, stating, "With full production capacity utilization, we could create up to 1,500 new jobs in Wismar." However, it's essential to note that these capacities will become available in the near future.
Singapore's submarine fleet stands to grow from four to six vessels as a result of this significant contract. The deal, signed on May 7, 2025, underscores the growing naval partnership between Germany and Singapore, reflecting the latter's strategic emphasis on undersea warfare capabilities in the face of regional security challenges.
TKMS's order book currently stands at around €16 billion, thanks to this contract and others. By producing these new submarines within existing capacities in Germany, the company highlights its robust market position and technological leadership in advanced non-nuclear submarine design, focusing on stealth and air-independent propulsion for prolonged underwater endurance.
Although specific job numbers are not publicly disclosed, the ability to fulfill this order within existing capacity implies a steady employment situation without the necessity for immediate significant expansion or increased hiring at Wismar beyond current levels. As the company continually secures orders like this one, it generally supports ongoing employment and operational stability at TKMS facilities, such as Wismar.
- Thyssenkrupp Marine Systems (TKMS) may create up to 1,500 new jobs at its Wismar subsidiary due to full production capacity utilization, as a result of a major contract for two new Type 218SG submarines from Singapore's Defence Science and Technology Agency (DSTA).
- In Kiel, TKMS is emphasizing its robust market position and technological leadership in advanced non-nuclear submarine design, focusing on stealth and air-independent propulsion for prolonged underwater endurance.
- The deal signed on May 7, 2025, between TKMS and Singapore's Defence Science and Technology Agency, suggests a growing naval partnership between Germany and Singapore, reflecting Singapore's strategic emphasis on undersea warfare capabilities in response to regional security challenges.
- Although specific job numbers aren't publicly disclosed, the ability to fulfill this order within existing capacity indicates a steady employment situation for TKMS subsidiary in Wismar without the necessity for immediate significant expansion or increased hiring.
