Poland's Best-known Shipyard in Trouble
The famous Gdansk shipyard is once again in trouble as Its new Ukrainian operator has run out of money to pay wages.
In its golden years, the 1980s, 17,000 people worked in Gdansk shipyard, reports Deutsche Welle.
Those times are long gone. The shipyard faced bankruptcy twice. Then a Ukrainian investor came along with plans to build modern high tech ships and a factory for wind turbines. But the investor's plans haven't worked out, and the Solidarity trade union has taken industrial action.
No more loans can be expected from private banks, says Deutche Welle, and the last hope lies in funding from the Polish government.
Source: Deutsche Welle