German shipyard has collapsed and 2,000 employees need payment

German shipyard group MV Werften is insolvent. Designated administrator works to secure payment for 2,000 employees from the German state as well as a potential reconstruction.

Photo: Annegret Hilse/REUTERS / X06848

German shipyard group MV Werften with a staff of 2,000 has filed for bankruptcy. A provisional administrator is working intensely to get pay for the employees, which have not received their December salaries.

So it says in a press release by lawyer Dr Christoph Morgen of law firm Brinkmann & Partner, which have been put in as provisional administrator in the cracked shipyard group.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Growth prompts OSM to send 150 managers on a leadership course

An equal approach to management and a desire to be more aligned are some of the reasons why OSM is sending both top and mid-level managers on a custom-made leadership course. ShippingWatch has spoken to OSM’s new chief culture officer about the initiative.

MSC, Lufthansa mull acquiring Italian state aviation firm

The world’s largest container line, MSC, and German aviation company Lufthansa have offered to take over Italian state airline ITA, the former Alitalia. MSC and Lufthansa have requested a 90-day exclusivity period to closely examine ITA.

Further reading

Related articles

Latest news

See all jobs