Independent journal on economy and transport policy
01:27 GMT+2
DANISH YARD FAILS AFTER RESTRUCTURING
(Fairplay)
September 5, 1997
Efforts to improve the financial position of Nordsovaerftet, the shipyard based in Ringkobing, Denmark, have failed two months after the company was restructured and it has now filed for bankruptcy. The workforce of 350 has been dismissed following expectation of more heavy losses despite an injection of Dkr60m ($8.5m) in working capital by two institutional ...... Read more on Fairplay
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