Vosper Thornycroft May Have To Lay Off 650

Tuesday, October 03, 2000
Vosper Thornycroft Holdings Plc said on Tuesday it may have to make up to 650 people redundant due to a shortage of short-term shipbuilding production work. Vosper said the redundancy notices would not take effect until early next year and would only come into force if the company was unable to secure additional work. "We are taking this action as a precautionary measure. No company can keep people employed indefinitely on maintenance and other temporary work without damaging its overall prospects," Chief Executive Martin Jay said in a statement. Vosper's current seven-ship contract for Royal Navy minehunters was now nearing an end, and was insufficient to provide work for the 1,200 workforce before the beginning of a new order, for Type 45 destroyers, announced three months ago. In July Vosper won part of a billion pound contract awarded to defense group BAE Systems, to build three new Type 45 warships.
Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

DSME Gets UK Shipyard Consulting Contract

S. Korea's DSME says it is to provide naval vessel production and management consulting services for British defense company BAE. Under the terms of the agreement,

Two MacGregor Subsea Cranes Ordered for Chinese PSVs

MacGregor, part of Cargotec, has secured a new contract from Chinese shipbuilder, Fujian Mawei Shipbuilding Ltd., for two 100-metric-ton active heave-compensated subsea MacGregor cranes.

First Two Mooring Boats Launched for Port of Ras Laffan

Nakilat has celebrated the delivery of two 16-meter mooring boats built by shipbuilder Nakilat Damen Shipyards Qatar for towage operator Nakilat Svitzer Wijsmuller.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Repair
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: 0.1026 sec (10 req/sec)