Location of affected unit(s):
Manufacture of transport equipment
30.1 - Building of ships and boats
Planned Job Reductions min:
Planned Job Reductions max:
Type of Restructuring:
Employment Effect Start:
German shipbuilder P+S Werften filed for insolvency on 22 August 2012. The bankruptcy affects about 2,000 jobs in Germany at sites in Stralsund and Wolgast. The company faced a decline in demand and cancellations of orders. Management announced the insolvency when talks about further government subsidies finally failed. The company is now looking for an investor. How many employees will lose their jobs in the end is currently uncertain.
UPDATE 18/10/2012: In October 2012, the number of affected workers was corrected down to 1,800 employees, which will be transfered to a transitional company.
22-08-2012Financial Times Deutschland