ThyssenKrupp Marine Systems (TKMS) has decided to sell its Nordseewerke shipyard in Emden to wind power plant manufacturer SIAG Schaaf Industrie, Deutsche Welle reported.
The sale spells the end of ship building in the northern German port city, said Wilfried Alberts, head of the Emden branch of the IG Metall engineering union. “More than 100 years of tradition have come to an end.”
Employment at German shipyards has reached a historic low, according to the Bremen-based Institute for Work and Economy (IAW) and the IG Metall.
The industry suffers from structural overcapacity, exacerbated by a slump in demand and cancellations particularly in container and cruise ship building as a result of the economic crisis.
Several German shipyards have already been forced to declare insolvency.
The sale spells the end of ship building in the northern German port city, said Wilfried Alberts, head of the Emden branch of the IG Metall engineering union. “More than 100 years of tradition have come to an end.”
Employment at German shipyards has reached a historic low, according to the Bremen-based Institute for Work and Economy (IAW) and the IG Metall.
The industry suffers from structural overcapacity, exacerbated by a slump in demand and cancellations particularly in container and cruise ship building as a result of the economic crisis.
Several German shipyards have already been forced to declare insolvency.