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2008 November 12   06:46

Lindovarvet shipyard close to shutdown

Lindøvarvet in Odense can be wound up, according to Business.dk. The decision will be made in a few weeks. The shipyard’s direction and management hope to find new business areas, in order to be able to keep some of the 3,000 employees. The direction has earlier declared that new orders must be made before the end of 2008, but the financial crisis has made the competition for orders very keen. In the next two three weeks the direction and management of Lindøvarvet have to find a completely new strategy, based on the shipyard being subcontractor to industries in other business trades.
If the shipyard decides to stop building vessels it will imply a gradual winding up until 2010/2011, when the last vessel is delivered. Today 3,000 persons are employed at Lindøvarvet.

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