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Business group have bought 99% of Ruse Shipyard

Article published from Darik Radio on 2011-02-22 03:40:00
Category: Business in Rousse

A business group of five companies have bought 99% of the shares of Bulgaria`s Ruse Shipyard, the river shipbuilder based in the Danube city of Ruse. The deal was announced by the Rousse Shipyard without specifying the names and the nationality of the new owners of the troubled factory.

The Rousse Shipyard was founded in 1881. In April 1999, it was was privatized by Rousse Shipyard Beteiligungsgesellschaft mbH - Germany. In the past few months it saw intermittent protests by its workers over delayed salaries and reduced social benefits.

In early January 2011, the workers from the Rousse Shipyard Jsc declared civil disobedience as they had not received their salaries for three months. Dozens of workers are reported to have already left the plant despite the unemployment precisely because of the irregular payments.

The new unnamed shareholders of the Danube shipyard have declared the! ir intention to continue to develop the basic activities of the plant - shipbuilding and ship repairing.
Source of the article Darik Radio 0/5 (0)
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