German Chancellor Olaf Scholz assured Meyer Werft workers on Thursday that government worked with owners and banks to ensure the future of shipyard. Meyer Werft is home to one the largest builders of luxury cruise ships.

Scholz, in an address to the works council, said: "We want to ensure the continued existence and success of the shipyard. And with that everything else that depends on the shipyard."

He called Meyer Werft's 229-year history an "industrial crown" for Germany.

Scholz said that the details of the state's support are still unclear, and any agreement would need approval by the German Parliament and the European Commission. Reporting by Andreas Rinke; Writing by Rachel More; Editing by Miranda Murray

(source: Reuters)