Reported about 2 months ago
German Chancellor Olaf Scholz announced support for Meyer Werft, a shipyard with solid orders but facing financial difficulties due to upfront construction costs. The yard, which employs over 3,000 and is vital for Germany's economy, has a backlog of orders including those from Disney Cruise Line. Scholz highlighted the systemic importance of the firm and indicated ongoing negotiations for financial assistance involving both federal and state governments.
Source: YAHOO