Overview
- The insolvency administrator says winter conditions prevent a safe shutdown, so the state invoked hazard prevention to keep the site running in reduced mode.
- After creditors refused interim financing despite talks convened by Economics Minister Sven Schulze, the state issued the order to continue operations.
- Production now continues in minimal mode at Leuna to avoid risks to people and the environment, with Premnitz also allowed to operate.
- Employee pay will be pre-financed through insolvency funds, with wages reportedly secured until about the end of March.
- Saxony-Anhalt is funding the minimal operation as an Ersatzvornahme and intends to recoup the money once an investor or new operator is in place.