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

Ports

U.S. Awards $61.8 Mln for Port Projects

U.S. Transportation Secretary Anthony Fox today announced 40 awards totaling nearly $500 million in funding for theĀ  FY 2016 Transportation Investment Generating Economic Recovery (TIGER) grants.

DP World takes over Rodney Container Terminal, Canada

DP World has signed a long-term lease agreement for the expansion and operation of the multi-purpose Rodney Container Terminal at Saint John, New Brunswick, Canada.

Moody's: Challenges Ahead for Asian Port Operators

Moody's Investors Service says lackluster global growth, weak commodity prices, high capital expenditure commitments and a liner industry struggling with overcapacity

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority 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: 0.0501 sec (20 req/sec)