German shipbuilder MV Werften could make 1,200 employees redundant as the cruiseship crisis continues to bite.
The company, owned by cruiseship group Genting Hong Kong, told workers in a video that the workforce of 3,000 has to be cut to secure crucial state financing.
Management and the general works council have "intensified" talks with metalworkers' union IG Metall, MV Werften said.
