Poland to revise shipyard strategy

The Polish government said it will revise plans for restructuring its shipyards, seeking to save 16,000 jobs. Under pressure from the European Commission, Poland said it will come up with a new strategy to rescue the three Baltic coast shipyards that doesn’t violate European rules on government subsidies.

The European Union’s executive agency estimates that the yards received 1.6 billion euros ($2.1 billion) in unlawful government aid since 2003. “The government has promised a change in its strategy for the shipyards,” said a Treasury Ministry spokeswoman. “The final version will be sent to Brussels today.”

The commission will take several weeks to analyze Poland’s plans and the EC could order the repayment of the aid if it determines that Poland broke EU subsidy rules.