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Employees of bankrupt marine fuel supplier OW Bunker have today attended a meeting with the estate's trustees, where they were informed about developments within the company and what lies in store for them in the future.

Also present in Nørresundby today was Kate Ziegler [pictured], chairman of HK Handel Nordjylland, Denmark's largest union for salaried employees.

Danish newspaper Berlingske today quotes Ziegler as saying: "Many of those we spoke to reacted with shock. They are deeply shocked, frustrated and sad. They walked home from work in crisis."

This afternoon, HK has been holding an information session where employees of OW Bunker have had the opportunity to learn about their rights and obtain advice from the union about the future.

"They have been crammed full of information, and it's all a little hard to handle right now. So it's really the most to the tell them that we are here for them and support them," Berlingske quotes Ziegler as saying.

"It's a kind of collective group therapy; for many it is a crisis to lose their job. In the worst-case scenario it is 140 people out of work now, and we all know well that vacancies do not grow on trees these days. It's not fun just before Christmas," Ziegler added.

Pernille Bigaard, partner and head of insolvency law at Plesner, and John Sommer Schmidt, partner at Gorrissen Federspiel, were officially appointed as trustees of the estate on Friday, November 7.

According to Bigaard's company profile, she has been involved in a number of bankruptcy and restructuring proceeedings involving Danish organizations, including Sterling Airlines A/S, Centerplan A/S, Sandgården A/S, Buksesnedkeren A/S and BIVA A/S. She is said to be a trained mediator, a member of Foreningen af Mediatoradvokater (a Danish association for mediation lawyers) and been involved in the drafting of several reports on insolvency law through her membership and chairmanship of the insolvency law committee of the General Council of the Danish Bar and Law Society.

Sommer Schmidt specializes in financial difficulty issues, which includes restructuring, voluntary debt arrangements and the settlement of financially distressed companies.