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US News More than 2000 Jobbauer jobs in danger: MV shipyards and Lloyd shipyard Report bankruptcy at

18:35  10 january  2022
18:35  10 january  2022 Source:   tagesspiegel.de

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by the pandemic, the paved group of companies got into salvation. Non-negotiations on further state aids in the north failed.

Die MV Werften in Wismar. Weitere Betriebe befinden sich in Stralsund und Rostock. © Photo: Jens Büttner / dpa central picture / dpa The MV shipyards in Wismar. Further establishments are located in Stralsund and Rostock.

Bad news for German shipbuilding at the beginning of the year: On Monday, the MV ships in Mecklenburg-Vorpommern and the Bremerhaven Lloyd shipyard filed bankruptcy.

Both companies belong to the mixed company Genting Hong Kong, which is in trouble. Trading with Genting Shares on the Börse in Hong Kong had been exposed last Friday and has not been resumed since then. The MV shipyards deal with around 1900 employees, in the Bremerhaven shipbuilding operation by about 300 jobs.

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MV ships with the insolvency application the consequences of the ongoing financial crisis, which the company has brought into a deficiency since the beginning of the Corona Pandemic. The negotiations between the federal and country on one as well as MV shipyards and the owner Hong Kong on the other side had not led to any positive result. How it continues with the employees is open.

The MV shipyards did not succeed in finance the financing of the 75 percent and to secure around 1.5 billion euros expensive new construction of the cruise ship "Global Dream". It is considered one of the largest ever-built cruise ships and was intended exclusively for the Asian market.

The Confederation had always insured to provide around 600 million euros from the economic stabilization fund (WSF). It goes without saying that the Federal Government is insisting on the preservation of jobs. The ship should be used as security.

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The owner's own contribution has a contribution of 60 million euros plus guarantees for the federal funds in question. Federal Minister of Economics Robert Habeck (Greens) said at the request of the German Press Agency: "As a federal government, we have set all levers in motion to avoid the bankruptcy of the MV shipyards and thus save the jobs. However, the owners have exhausted our aid offer; The registration of the bankruptcy is the result. "

This is a" bitter message "for the workers of the shipyard and for the region after weeks of the Bangens. "Just as someone who lives in a shipyard city, I know what meaning it has. Of course, in the next few weeks, we will continue to be in close exchange with the state government, which the future of MV shipyards is concerned. "

Corona led in economic disaster

The President of Genting Hong Kong, Colin Au, on the other hand, had said the Bund four Offers for further financing have been submitted. These were all rejected.

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Also, last December, the payment of the due amount was blocked when reaching a construction point, the so-called milestone F, was blocked.

Genting have now made no further compromises. "We worked out on the covenants of the federal government," said MV-Shaft Managing Director Carsten Haake last Sunday.

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Colin Au had pointed out that Genting since the acquisition has invested more than two billion euros in the MV locations from our own pocket, the number of employees had been doubled. "Without Covid-19, we would never have asked the government for one euro."

The WSF of the Federal Government had only given green light for 300 million euros in state aid last year. Thereafter, the MV yields wanted to tackle their restructuring. The shipyards in Wismar, Rostock and Stralsund has been part of the listed gambling and cruise group Genting since 2016. (DPA, Reuters)

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