Slovenian shipyard Seaway Yachts declared bankrupt

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The court ruled that the dismissed employees of Seaway Yachts could apply for financial compensation.

Due to the deplorable state of the company, the workers had not been paid their wages since late 2014. All of them will now be able to claim compensation from the state.

The shipbuilder's assets were put up for auction back in February. The money raised from the sale will be sent to creditors, but they will not be able to cover the entire debt that has formed.

Seaway began experiencing difficulties in 2008, when it sold one of its shipyards in Italy. The company was engaged in shipbuilding under the brand Greenline.

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