State aid required – billionaire lets German shipyard go bankrupt!

EUR 600 million in state aid for luxury ship requested | Casino billionaire lets German shipyards go bankrupt!

Casino-Milliardär Lim Kok Thai (70) Photo: REUTERS

“src=” data: image / gif; base64, R0lGODlhAQABAIAAAAAAAP /// yH5BAEAAAAALAAAAAABAAEAAAIBRAA7 “width=” 1280 “>

Casino billionaire Lim Kok Thai (70) Photo: REUTERS

published on

He is one of the richest and most influential entrepreneurs in Southeast Asia: Lim Kok Thai (70), worth 2.5 billion euros, head of the Malaysian company Genting (operates, among others Cruise ships, casinos).

In 2016, Thai bought MV Werften, the operator of several shipyards in Mecklenburg-Western Pomerania. Now he is apparently letting the shipyards go bankrupt!

The management of MV Werften announced on Monday morning that it would file for bankruptcy, the 2000 Jobs are at risk.

The NDR . “A bitter day for all of us, but we have to look this fact in the eye,” it said in the internal communication on the announced bankruptcy petition.

Until recently, the federal government and the state of Mecklenburg-Western Pomerania had negotiated with Genting to prevent bankruptcy ( BILD reported ). Finance Minister Christian Lindner (43, FDP) and Economics Minister Robert Habeck (52, Greens) were ready to give a total of 600 million euros (including as a loan). Many shipyard workers would have been able to keep their jobs until autumn at least.

But the condition for this would have been that Genting would have paid back the 600 million euros to the federal government even after a shipyard bankruptcy. And: Lim Kok Thai’s company was supposed to participate with a further 60 million euros – but they didn’t want to!

Genting sees the Bund on the train for the rescue of the shipyards. “To drop the shipyards now would be the biggest economic mistake the federal government could make,” said Genting President Colin Au on Sunday in Wismar.

Background: The business of MV Werften has been going bad for a long time, the pandemic plunged the industry into a deep crisis. Genting is therefore demanding help from the state to complete the luxury cruise ship “Global 1”.

The 1900 employees have been suffering from the financial difficulties of the shipyards for a long time: they were last Wages not paid, as reported by the NDR .

In the afternoon, the country’s finance committee will hold a special meeting to discuss how things will proceed now.

BILD vouchers: Great furniture at affordable prices. Find your Wayfair voucher now!

Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here

Related Posts
Why President Biden insulted a Fox News reporter thumbnail

Why President Biden insulted a Fox News reporter

WILMINGTON, DE - DECEMBER 23: President-elect Joe Biden removes his mask before announcing Miguel Cardona as his nominee for Education Secretary at the Queen theatre on December 23, 2020 in Wilmington, Delaware. Cardona, the Connecticut Education Commissioner, will face the urgent task of planning to reopen schools safely during the COVID-19 pandemic. (Photo by Joshua…
Read More
Because of litigation in Myanmar: Aung San Suu Kyi has health problems thumbnail

Because of litigation in Myanmar: Aung San Suu Kyi has health problems

ARCHIV - Demonstranten in Myanmars Nachbarland Thailand gehen mit Bildern von Aung San Suu Kyi auf die Straße. Foto: Andre Malerba/ZUMA Wire/dpaDie Friedensnobelpreisträgerin habe den Richter am Montag gebeten, nur noch alle zwei Wochen statt wie bisher jede Woche vor Gericht erscheinen zu müssen, teilte Khin Maung Zaw der Nachrichtenagentur DPA mit. «Sie hat gesagt,…
Read More
Documentation: "Eliraz" grenade that did not explode and saved Captain D.'s life thumbnail

Documentation: “Eliraz” grenade that did not explode and saved Captain D.'s life

ב-2008 הוחלט בצה"ל על פיתוח רימון משופר שיהיה עמיד בפני קליעים ורסיסים • בפעילות מבצעית בג'נין בתחילת השבוע ניצלו חייו של קצין בדובדבן, לאחר שכדור שירה לעברו אחד המחבלים פגע ברימון שהיה נמצא בווסט הלחימה שלבש – אך הוא לא התפוצץ • אביו: "אם זה לא נס, אז אני לא יודע מה כן"
Read More
Top 10 Personalities Who Have Contributed Tremendously To Their Field Of Work thumbnail

Top 10 Personalities Who Have Contributed Tremendously To Their Field Of Work

FAZAYAL SHABBIR Fazayal Shabbir is a multi-talented personality. He is the bestselling and critically acclaimed book "City Under Curfew and other stories". The book has been making news since it launched for its gripping storytelling and narrative. Fazayal has a degree in mechanical engineering and a postgraduate diploma in business management. He has been working…
Read More
Index Of News
Consider making some contribution to keep us going. We are donation based team who works to bring the best content to the readers. Every donation matters.
Donate Now

Subscription Form

Liking our Index Of News so far? Would you like to subscribe to receive news updates daily?

Total
0
Share