Poland: Endangered Shipyard
June 3, 2013Advertisement
In its golden years, the 1980s, 17,000 people worked in Gdansk shipyard. Those times are long gone. The shipyard faced bankruptcy twice. Then a Ukrainian investor came along, and hopes blossomed. There were plans to build modern high tech ships and a factory for wind turbines. But the investor's plans haven't worked out, and the Solidarity trade union has taken industrial action. No more loans can be expected from private banks. The last hope lies in funding from the Polish government.