A German billionaire who has put his factory workers on short-time and cut their wages has bought himself a luxury megayacht according to DailyMail.
Screw manufacturer Reinhold Würth (#93 on the Forbes 2009 list) has ordered 1,250 of his 5,000 employees in Germany to reduce their working hours and cut their pay by 15 percent.
The rest of his workers are being forced to take a solidarity pay cut of five percent. At the same time, though, the convicted tax evader also celebrated the christening of his new super yacht, the Vibrant Curiosity.
The 85-meter-long white ship, built at the Oceano dock near Rotterdam, cost around $100 million to build.
It’s equipped with two diesel engines from German motor company MTU, has a horsepower of 4,680 and can reach a speed of 18.5 knots.
The inside is equally grand, with a large cabin for the owners, a VIP suite as well as luxury cabins for 14 further guests.
At the $100 million yacht’s launch party, Reinhold Würth is said to have asked guests at the yacht’s launching party to be “discreet.”
Full Story at DailyMail.co.uk
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Having worked for both Wurth UK and Winzer Wurth, i can understand the problem with workforce going mad, The owner was in the process of asking sales staff to work harder and for less pay, taking away the bonus and basic pay. Both me and my wife worked for the Wurth Group from 2004 and left August of last year due to the changes that was brought to our attention. We now work for companies that we feel are honest and great to work for.
Only 15%? Here at wurth canada our pay was cut by 40% through ridiculous target increases.
They have just announced that winzer wurth is moving to wurth uk and all are jobs are safe, thats if you want to travel to kent every day ya right!!!!!!
At a 100 million dollars for a toy is a absurd. Just think about it Mr. Wurth your almost 75 years old and realtively you don’t have that munch time left. For your toy you have managed to piss off most of your working staff and a lot of others people by burdening them with lay offs and wage consessions. For all that you have put into your yacht your still 250 ft / 75 meters shorter that the Russian billion air’s yacht “Eclip”
I know of a billion air who lives in Salt Lake City Utah (USA) who put up as much money as you did for your toy and in Salt Lake City we have a world renown cancer center hospital that helps people around the world for their health.
Well enjoy your toy while you can because in a short period time it will be someone else.
Steve Leonard
Salt Lake City Utah. USA