Crisis at Mangalia Shipyard: reorganization - rejected by Damen, state prepares takeover

Uniunea Europeana

Mangalia Shipyard is approaching the final point, after the National Trade Union Bloc announced yesterday that Damen Shipyards did not approve the reorganization plan, and the direct consequence is the opening of bankruptcy proceedings. "During the General Meeting of Creditors held today, Damen Shipyards did not approve the company's reorganization plan. Under these conditions, the reorganization procedure failed, and bankruptcy proceedings will be opened," says the press release issued