According to its own information, the MV Werften Group will file for bankruptcy this Monday.
A spokesman told the German Press Agency that the employees were informed about this step on Monday.
MV Werften thus drew the consequences of the ongoing financial crisis, which has put the company in a difficult position since the beginning of the corona pandemic.
First of all, the NDR reported.
The move was preceded by unsuccessful negotiations between the federal and state governments with the owner Genting Hong Kong to save the ailing MV shipyards with more than 1900 jobs.
Those involved blamed each other for the halting discussions.
According to reports, the federal government was ready for a rescue package and further aid, but has so far not wanted to abandon its demand for the owner to make a contribution.
The owners recently said that there was no clear commitment to their shipyard.
Genting Hong Kong acquired the shipyards in Rostock, Wismar and Stralsund in 2016 as a reaction to the then booming cruise market in order to have ships built there for the Group's own shipping companies.
But with the collapse of the industry as a result of the Corona crisis, the parent company got into difficulties that continue to this day.