Karl WP Beyer 22 August 2024 – Chancellor Olaf Scholz and the Prime Minister of Lower Saxony Stephan Weil visited the Papenburg MEYER shipyard today and expressed their firm determination to Expression of support for the company in the context of an upcoming restructuring and future concept.
The Chancellor and the Prime Minister spoke with employees, management and the owner family. The company's CEO, Bernd Eikens, and the restructuring expert Ralf Schmitz, appointed by MEYER Werft, stated in a joint statement that "the way has now been paved for the start of the restructuring and securing of the shipyard's future." The aim is to "give the shipyard and its many thousands of employees and their families as well as its business partners a secure future perspective."
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Management and the works council expressed their thanks to Chancellor Scholz and Lower Saxony's Prime Minister Weil, who travelled to Papenburg on Thursday to inform all employees at a works meeting about the emerging solution between the company and politicians. The final details still need to be clarified in discussions with the commercial banks, and the upcoming measures are being implemented constructively and professionally.
On behalf of the owner family, the senior Bernard Meyer explained that the solution that has now been found is not easy for the family, but that the interests of the company are more important than those of the family. At the same time, Bernard Meyer explained that although the state would become the main shareholder, the family would have the opportunity to become a family business again thanks to the right of repurchase.
The management and the family are convinced that they will quickly move forward with the implementation of the solution proposed by the Chancellor. This will enable the framework for adopting the new structures and starting the reorganization and restructuring measures to be implemented as quickly as possible.
