Austal

ASX:ASB

Defence shipbuilder. Naval vessels and patrol boats.

Industrials5,500 employees
Offshoring Summary
Figures reported in public sources at the dates shown. Current numbers may differ.

Reported Offshore Headcount

900+

reported 1 Jan 2012Austal Modern Slavery Statement FY2023 — shipyards in Philippines (Ceb...

Estimated % of Workforce

~16.4%

illustrative — not directly reported by the company

Destination Countries

🇻🇳 Vietnam🇵🇭 Philippines

Shipyards in Philippines (Cebu, 800+ workers) and Vietnam (Vung Tau). Commercial shipbuilding placed in low-cost countries while defence work stays in Australia/USA.

Financial Context

Market Cap

$2.0B

Revenue

$2.1B

Estimated Wage Differential

~$77M/yr

Estimate uses avg AU employment cost of $110,000+/yr (incl. super and on-costs) vs offshore $25,000/yr (salary + on-costs). Actual figures vary by role, seniority, and location.

In Plain English

  • In 2012, Austal was reported to have 900+ offshore contractors and staff.
  • This represents ~16.4% when compared to its current workforce of 5,500 (illustrative comparison only — not directly reported by the company).
  • 🇵🇭 900+ staff reported in Philippines in Engineering.

Based on data from public sources at the dates reported. Figures may not reflect current headcount. See sources below for full attribution.

Department Breakdown

DepartmentCountryHeadcountConfidence
Engineering🇵🇭 Philippines900Estimated

Offshoring Timeline

DateDepartmentCountryHeadcountConfidence
1 Jan 2012Engineering🇵🇭 Philippines900Estimated
1 Jan 2018Engineering🇻🇳 VietnamEstimated

What Public Sources Say

All information below is sourced from publicly available documents and reporting. Excerpts are direct quotes. Click source links to verify.

Modern Slavery Statement
Austal Modern Slavery Statement FY2023 — shipyards in Philippines (Cebu), Vietnam, China
Austal operates shipyards in Australia, the USA, the Philippines, Vietnam, and China. Austal Philippines Pty Ltd in Cebu with 800+ Filipino workers. Commercial shipbuilding in low-cost countries, defence work in Australia/USA.

This profile is based on publicly available information at the time of publication. It may not reflect current operations and should not be treated as a complete picture. We publish what we can verify — not everything that exists.

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