ThyssenKrupp sells civil shipyards to SIAG Schaaf
ThyssenKrupp AG is selling part of its civil shipyards as the economic downturn hits shipbuilders around the world.
German trade union IG Metall said late on Monday ThyssenKrupp is selling the Emden shipyards on the North Sea coast to SIAG Schaaf Industrie AG.
Germany’s shipbuilding industry is suffering the worst slump in new orders in decades. Five shipbuilders have already filed for insolvency in Germany this year.SIAG will take on about 700 of the ThyssenKrupp shipyard’s 1,200 workers. The rest will remain at ThyssenKrupp Marine Systems, which employs a total of 8,000. The unit will keep its yacht building and maintenance operations, the union said.
IG Metall also said ThyssenKrupp’s supervisory board had blocked the planned sale of container shipbuilder HDW-Gaarden to the Heinrich-Roenner Group and the company is now looking for alternative partners for the business.
Category: Shipyard News
Comments (0)
Trackback URL | Comments RSS Feed
There are no comments yet. Why not be the first to speak your mind.