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 Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Hiab to Launch the New Z-series Crane

Hiab launched the HIAB Z-HiPro 191 and HIAB Z-PRO 171 crane. Part of the new HIAB Z-series, the cranes feature the ability to be folded into a Z position and

Wage Row Between Argentine Crushers, Companies Reaches Crunch Point

Pressure grew on Friday for a resolution to wage talks between exporters and striking crushers in Argentina's Rosario grains hub, with another powerful union threatening

Matson Completes Horizon Lines Acquisition

Matson, Inc. has completed the acquisition of Horizon Lines, Inc. which includes Horizon's Alaska operations and the assumption of all non-Hawaii business liabilities.

 
 
Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Salvage Ship Electronics Ship Repair Ship Simulators Sonar
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: 0.0819 sec (12 req/sec)