Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
On 9 January 2017, German shipbuilding company MV Werften announced the creation of approximately 200 jobs starting in 2017. The company has sites in Stralsund, Wismar and Rostock, the new jobs will mainly be located in Wismar.
MV Werften already started the construction works for the river cruise ships Crystal Ravel and Crystal Debussy in August 2016. These ships are major contracts for the company and the delivery date will be in 2017. Overall, the company has been contracted to build 9 ships within the next 5 years. Furthermore, MV Werften wants to start with the construction of prefabricated ship cabins.
The company is a subsidiary of the Malaysian conglomerate Genting. MV Werften employs about 1,500 staff in Germany.
Eurofound (2017), MV Werften, Business expansion in Germany, factsheet number 90271, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90271.