Independent journal on economy and transport policy
12:15 GMT+1
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Meyer Werft is planning cost cuts of around €1.25 billion
The company reports a significant reduction in workload and revenues
December 9, 2020
Specifying that the entire maritime sector, and in particular cruise industry, is suffering highly from the impact of the crisis triggered by the coronavirus, Meyer Werft confirmed that they are in negotiations with the shipowners' companies to postpone the delivery of ships under construction or already commissioned, slowdown in work - the company pointed out - which translates into in a much lower workload. In addition, the company shipbuilding pointed out that the value of sales is significantly decreasing, a reduction that is much more accentuated than that of the costs and which - meyer werft made known - will result this year in an economic loss that will be the most relevant ever recorded by the company in its History. Hence the need to intervene in expenditure with a decided cut-off plan.
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Specifying that the entire maritime sector, and in particular cruise industry, is suffering highly from the impact of the crisis triggered by the coronavirus, Meyer Werft confirmed that they are in negotiations with the shipowners' companies to postpone the delivery of ships under construction or already commissioned, slowdown in work - the company pointed out - which translates into in a much lower workload. In addition, the company shipbuilding pointed out that the value of sales is significantly decreasing, a reduction that is much more accentuated than that of the costs and which - meyer werft made known - will result this year in an economic loss that will be the most relevant ever recorded by the company in its History. Hence the need to intervene in expenditure with a decided cut-off plan.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
