Cammell Laird Axes 187 More Jobs

Wednesday, July 11, 2001
Struggling shipbuilder Cammell Laird Plc, which is in receivership, has announced a further 187 jobs cuts in Britain on top of over 600 previously announced redundancies.

Accountancy firm PricewaterhouseCoopers (PwC), acting as receivers for the group, said on Wednesday that the latest cuts would see 95 jobs go at Tyneside, northeast England, and 45 redundancies at Birkenhead, northwest England.

The company, which currently employs just under 700 workers in the U.K., called in the receivers after a series of cancelled orders hit its finances, causing it to suspend trading in its shares.

The decline in the fortunes of Cammell Laird, whose main yard was set up in 1824, marked a further fall in Britain's once-proud shipbuilding industry.

PwC is currently trying to complete the sale of Cammell's three yards at Birkenhead, Tyneside and Teesside in northeast England.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

NYK Vessel First to Make Commercial Transit through Expanded Panama Canal

On June 27, the expanded Panama Canal opened for commercial transit, and Lycaste Peace, a very large liquefied petroleum gas (LPG) carrier operated by NYK, was

MSC Partners with Peel Ports for Liverpool2 Trials

Mediterranean Shipping Company (MSC) is pleased to be working with Peel Ports as commissioning work for Liverpool2 gets into full swing.   Berthing and Marine

Latin America Ports to Berth Larger Vessels

Foreign trade and energy have boosted economies throughout the Americas. From the USA, to Argentina, Ecuador and the Bahamas, Maersk is helping unleash the region’s

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0712 sec (14 req/sec)