Chancellor Scholz assures the company, which is fighting for its existence, of the federal government’s support. Details are still to be clarified.
Olaf Scholz has promised to help rescue the ailing Meyer shipyard in Papenburg. “If everyone pulls together – and I have no doubt about that – then the federal government will do its part to find a solution,” said Scholz on Thursday at a company meeting in Papenburg. Details still need to be clarified because the approval of the Bundestag and the EU Commission is still missing. “But the federal government is contributing part of the solution,” assured the Chancellor.
The federal government, the state of Lower Saxony and the owners have been negotiating with the banks in recent weeks, said the Chancellor. “We will not leave Meyer Werft alone.” The shipyard is not just any company, but an “industrial crown jewel” whose problem does not lie in the quality of its products. Scholz also described the shipyard as systemically important for the maritime economy in Germany. This is a prerequisite for the EU Commission to approve state aid. “I am sure that the Meyer shipyard here in Papenburg will continue. You have my support,” stressed the Chancellor. Economics Minister Robert Habeck had previously expressed optimism that the shipyard could be saved.
Meyer-Werft: Help from federal and state governments
Lower Saxony’s Prime Minister Stephan Weil said at the meeting: “The ball is not in the goal yet,” said the SPD politician at the company meeting in Papenburg on Thursday. But they are working hard on the final solution. “We are planning a massive commitment,” he said, referring to Lower Saxony, but did not give any figures. This is the largest commitment that the state of Lower Saxony has ever made to save a company. “We stand by the side of the Meyer shipyard,” stressed the Prime Minister. The rescue plan is good.
From Esprit to Galeria to FTI
These well-known companies have filed for bankruptcy
In the gallery: fashion chains, tour operators, brand manufacturers: numerous well-known German companies have recently gone bankrupt. Many look back on a long history – and now face an uncertain future.
Source: Stern
I have been working in the news industry for over 6 years, first as a reporter and now as an editor. I have covered politics extensively, and my work has appeared in major newspapers and online news outlets around the world. In addition to my writing, I also contribute regularly to 24 Hours World.
