Thyssenkrupp Marine Systems press release
The employees were informed about this development at a meeting today by the insolvency administrator, Dr. Christoph Morgen, in the presence of the Minister of Economics Reinhard Meyer, CEO Oliver Burkhard and IG Metall district manager Daniel Friedrich. With this move, one of the most traditional shipbuilding locations in Germany once again has a long-term outlook.
With a view to the future, ThyssenKrupp Marine Systems could produce submarines in Wismar during the course of 2024. The main impetus for this is an order for more submarines from the German government and the resulting investments in the upgrading of the shipyard. The extent of such a commitment by ThyssenKrupp Marine Systems depends on the scope of the contract award: more orders means more jobs. If production ramps up in the course of 2024, some 800 new employees could be hired by ThyssenKrupp Marine Systems. Moreover, if additional orders are received in the surface sector, this number could even increase to over 1,500 employees at the Wismar site.
“We come to Wismar to give not only Marine Systems, but also the location and the people here, a real perspective. Shipbuilding is where we come from and shipbuilding is where we want to go. And we will do this together with the workforce – and with as many as we can! We are convinced that together we can be successful and that this partnership is good for everyone.”
Oliver Burkhard, CEO
“Shipbuilding lives on in Wismar. The new owner, ThyssenKrupp Marine Systems, has identified encouraging prospects for the shipyard site. In the past, the employees have successfully proven that they can build ships and master complex challenges. There is an opportunity with ThyssenKrupp Marine Systems to preserve as many jobs as possible in the maritime industry.”
Reinhard Meyer, Mecklenburg-Western Pomerania’s Minister of Economics
The contract now signed marks the end of an open investment process for the Wismar shipyard lasting several months. The insolvency administrator of MV Werften, Dr. Christoph Morgen, has thus achieved the best result for the insolvency creditors and at the same time developed a strong outlook for the future: “I am delighted that with ThyssenKrupp Marine Systems we have found a new owner who will uphold shipbuilding in Mecklenburg-Western Pomerania over the long term and even expand it wherever feasible. However, I am also aware that the road to a fresh start will be long for the employees of the shipyard. That is why I shall continue to do everything I can to shape the transition and to secure employment for as many employees as possible.”
The parties agreed not to disclose the purchase price. In addition to the necessary investments in the infrastructure, further qualification of the staff is also necessary. If the order situation allows, they will be recruited primarily from a transfer company set up for the former employees of MV Werften. In addition, there is consensus on, among other things, the employment of apprentices and the establishment of co-determination structures. This was agreed by TKMS and IG Metall Coast. For details, please see the IG Metall press release.
“With Wismar, we are sending a clear signal: ThyssenKrupp Marine Systems is growing and intends to shape the future of this industry. The Wismar site and its employees have now been given the genuine prospect of a bright future, thanks to ThyssenKrupp Marine Systems. Today is indeed a good day for both Wismar and ThyssenKrupp Marine Systems,” CEO Oliver Burkhard told the employees.
Naval News comments:
This shipyard acquisition by TKMS is in anticipation of additional submarine orders, both domestically and for export.
In a recently released official document named “Projekte Sondervermögen „Bundeswehr“ 2022” the German Ministry of Defense provided some details on how it plans to invest the additional 100 Billion Euros voted by Bundetag to “modernize the armed forces”:
Dimension See ~19.300 Mio. €
a. Korvette 130
b. F 126
c. Future Naval Strike Missile, Entwicklung und Beschaffung
d. U-Boot Flugabwehrflugkörper (IDAS)
e. Unterwasserortung (SONIX)
g. Nachfolger Festrumpfschlauchboot (RHIB) 1010
h. U 212 CD
The plan calls for five new K130 Batch II corvettes to replace the five in-service batch I corvettes. The German Navy would then operation a single back of corvettes. The Batch I ships could be sold second hand, possibly to Baltic countries who lack surface combatants.
An option for up to two additional F126 next generation frigates will be lifted.
Between two and four more Type 212CD submarines will be procured. This is where the MW Werften shipyard comes into play: It will add capacity to TKMS. The newly acquired yard could also support TKMS on the export market, should the German shipbuilder win the Dutch Walrus-class submarine replacement program…