BERLIN (Reuters) -The German government has extended job security for workers at the PCK Schwedt oil refinery until the end of 2025, the economy ministry said in a statement on Monday. "The sanctions
Germany extends job security at PCK Schwedt refinery until the end of 2025
BERLIN (Reuters) -The German government has extended job security for workers at the PCK Schwedt oil refinery until the end of 2025, the economy ministry said in a statement on Monday.
"The sanctions against Russian oil have put the PCK refinery in a difficult situation," Economy Minister Katherina Reiche said in a statement.
"With the extended job security, we are now creating the basis for developing concrete prospects for the site together with the state of Brandenburg, PCK and regional partners," she said.
While remaining the legal owner, Russian oil company Rosneft was stripped of control of the refinery after Berlin seized the entities following Russia's invasion of Ukraine in 2022.
(Writing by Friederike Heine; editing by Matthias Williams)
