The situation at the shipyard is critical, as hundreds of employees have not been paid in months.
“Mangalia shipyard can, with its creditors’ approval, move on to a new phase, the reorganization phase, which entails a plan devised based on information and shipyard capabilities, meant to ensure continuity of operation and relaunching business at the level the shipyard is capable to achieving,” said Paul Dieter Cirlanaru, CEO of CITR, the court-appointed trustee of Damen Shipyards Mangalia.
The decision to postpone the decision on the reorganization plan was made during the creditors’ meeting on Wednesday.
(English version by Loredana Fratila-Cristescu)