Jobs Set to be Cut by Vosper

Thursday, January 11, 2007
According to The News, Portchester-based VT Halmatic has told workers that up to 130 of the 270 workforce could be made redundant. The business has been under threat for some months and has now announced it is to cut costs by making fewer types of boats and reducing the workforce. Letters have been sent out to the threatened workers which gives them options to apply for jobs elsewhere in the VT Group. Company officials said, following a decline in orders for some Ministry of Defense and commercial craft, we have undertaken a strategic review that will result in us exiting some product lines and restructuring the business.

VT Group has been reviewing the Halmatic site in recent months. Part of the site is in the process of being sold off to developers, possibly for housing, with the future of the rest of the site unclear. One option could be to move VT Halmatic to the naval base alongside VT Shipbuilding and sell the land off for housing. Talks are currently taking place with the union. Defence economics expert at the University of Portsmouth, Dr Michael Asteris, said the loss of jobs was a problem specific to VT Halmatic and the competitive industry it was in, and not VT Group as a whole. Source: The News

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

People & Company News

RYDLYME Marine Selects GoM Distributor

RYDLYME Marine has named R Carter & Associates, Inc. of Mobile, Ala. a new stocking distributor for the Gulf of Mexico area, targeting shipyards, larger workboats,

MN 100: Elliott Bay Design Group

The Company: Elliott Bay Design Group (EBDG) is a Seattle-based, employee-owned enterprise with offices in New Orleans and Ketchikan that provides full-service naval architecture,

MN 100: Dometic Marine

The Company: Dometic Marine is an engineering leader of innovative products for the global marine industry and offers a large worldwide sales and service network.

Coast Guard

USCG AIS Mandate Resource Center Launched

McMurdo informs it has launched an online resource center at to help impacted vessel operators comply with the requirements of the United States Coast Guard (USCG)

USCG Hoists Ailing Man from Tug

A man believed to be suffering symptoms from a heart attack was medevaced from a tugboat Thursday morning.   A U.S. Coast Guard helicopter crew from Air Station Traverse City, Mich.

Fishing Vessel Sinks, Spills Oil in Alaska

A 58-foot fishing vessel ran aground, sunk and spilled oil in Sitka, Alaska, according to the U.S. Coast Guard. No injuries have been reported, and there have

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pipelines Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction 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: 0.4122 sec (2 req/sec)