Luxury Cruise Ship Builder Struggles To Stay Afloat

  • German shipyard Meyer Werft is struggling to stay afloat due to COVID-19.
  • The shipyard needs to save €1.2 billion over the next five years.
  • It will halt production and suspend operations for six weeks due to a slump in orders.
  • The firm will have to fight for survival during its 225th anniversary year.
  • More than 3,000 workers are still waiting for their vacation pay which amounts to €14 million.

According to an article published in DW, the builder of luxury cruise ships is struggling to stay...

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