Despite €220M ($308M) in loans and loan guarantees by the federal and state governments, the company collapsed. Government officials and the 2,500 workers at Wismar and Rostock-Warnemünde blamed FLC – registered in Luxembourg and controlled by Russian interests. Wadan's supervisory board chairman Andrej Burlakow was confronted by an angry mob of 150 workers in Wismar yesterday. They demanded clarity about outstanding wages.
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