The Hamburg shipyard Pella Sietas is bankrupt

The traditional Hamburg shipyard Pella Sietas is bankrupt. An application for bankruptcy will be filed tomorrow, Thursday, said authorized officer Natallia Dean. In doing so, she confirmed information from IG Metall in Hamburg. According to the union, the management informed the workforce about the impending bankruptcy petition at a works meeting. "The employees have been waiting for their wages for months and some of them have been receiving support from the employment agency since the beginning of July," said the union's second representative, Emanuel Glass. "The news of the bankruptcy is therefore not unexpected, it nevertheless caused deep concern among the employees." The shipyard in the Port of Hamburg, known for special ships, is one of the oldest shipbuilding companies in the world. First mentioned in 1635, it remained in the family for nine generations. Since 2014, it has been part of the St. Petersburg-based Russian Pella Shipyard, which the shipyard had taken over from an earlier bankruptcy. Since then it has been operating as Pella Sietas GmbH. According to earlier reports, around 350 people work on the southern bank of the Elbe at the mouth of the Este tributary in the Neuenfelde district. In addition, there are up to 800 temporary workers and contract workers. The shipyard regularly suffers from major problems due to the siltation of the harbor basin: Finished ships cannot leave the shipyard without dredging or regular flushing. Among other things, the shipyard is currently working on an icebreaker that was laid down in autumn 2020. The 28-meter-wide ship is expected to be launched in 2023.