Speaking to SRF on Tuesday evening, the economic director for the canton of Zug, where Nord Stream is based, said the cantonal authorities have been informed today that the business was unable to continue its operations.
“The head of the office for economic affairs and labour was on site today and was informed in detail about the situation,” said Silvia Thalmann-Gut.
Nord Stream 2 did not immediately respond to inquiries. Numbers listed for its press spokespeople in Switzerland were disconnected.
Around 106 employees — the company’s entire local workforce — have already formally received termination notices, Thalmann-Gut said, citing an imminent deadline of US sanctions against the company as the cause of its collapse today.