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Flensburger Shipyard has 90 days to avoid bankruptcy

One of the world's largest producers of RoRo ferries, Germany's Flensburger Shipyard, has been given a period of 90 days after it was declared bankrupt before the weekend. The corona crisis is blamed for the downturn, which could impact 650 employees.

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Flensburger Shipyard has three months to avoid the bankruptcy declared by the court in Flensburg prior to the weekend, according to a statement by the yard, which is among the world's largest producers of RoRo ferries.

This deadline provides the very last opportunity to rescue one of the city's biggest work places and one of the major shipyards sited around the Baltic Sea.

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