Cammell Laird Cuts Another 71

Thursday, July 05, 2001
Struggling shipbuilder Cammell Laird Plc, which has entered into receivership, is to cut a further 71 jobs in Britain on the back of over 600 previously announced redundancies. A spokeswoman for accountancy firm PricewaterhouseCoopers (PwC), acting as receivers for the group, said that the latest job cuts had arisen after the shipbuilder completed work on existing contracts. Cammell Laird, whose main yard was established in 1824, called in the receivers after a series of cancelled orders hit its finances, causing it to suspend trading in its shares. The decline in its fortunes marked a further fall in Britain's once-proud shipbuilding industry. The PwC spokeswoman said 61 jobs would go at its plant in Birkenhead, northwest England, while 10 jobs would be cut at Teesside, in the northeast region of the country. Cammell has a current U.K. workforce of around 700. PwC is currently trying to complete the sale of Cammell's three yards at Birkenhead, Teesside and Tyneside, in northeast England. - (Reuters)
Maritime Reporter September 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

RIMPAC Exercise Puts LCS Through Paces

It was the middle of May, and the littoral combat ship Independence was operating out of San Diego, testing components of the mine warfare mission package. The mission is one that,

New Superyacht ROCKIT.IT Launched by Feadship

Feadship says it has launched the outstanding 60.35-metre motoryacht ROCK.IT. Created for an experienced owner who has chartered Feadships and appreciated the essence of the brand,

FTA Approves WSF Ferry Terminal Plans

In the latest Washington State Ferries Weekly Update, Capt. George A. Capacci, Interim Assistant Secretary WSDOT/Ferries Division briefs as follows: "FTA approves

Tanker Trends

More German Shipowners Look to Gibdock for Repairs

Gibdock remarks it has continued to see its stock rise amongst the German shipowner community over the past year. Indeed the Gibraltar ship repair yard’s recent

Tankship Owners TORM Get Credit Facility Extension

Denmark-based TORM say that all lenders have supported the agreement to extend the existing Super Senior Working Capital Facility by six months until 31 March 2015

Iraqi Kurdistan Oil Shipments Reach 8.8m Barrels

Iraqi Kurdistan has shipped 8.8 million barrels of oil from the Turkish port of Ceyhan since May, Turkish Energy Minister Taner Yildiz said, as the autonomous region

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.0988 sec (10 req/sec)