Financial Times FT.com

Aid demand threatens Polish shipyards

By Jan Cienski in Gdynia and Nikki Tait in Brussels

Published: June 24 2008 23:21 | Last updated: June 24 2008 23:21

Poland’s three biggest shipyards face closure if the European Commission goes ahead with a threat to demand the return of the state aid that is keeping them afloat.

That would be a death-blow for Szczecin, Gdynia and Gdansk, which are saddled with debt, and tied into unprofitable contracts.

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