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 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

VT Halter Begins Building LNG-powered ConRo Ships for Crowley

VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc. (VT Systems), has commenced construction on the first of two liquefied natural gas (LNG)-powered,

New Research Vessel Delivered on the Great Lakes

The new oceanographic research and fisheries assessment vessel, Arcticus, completed her sea trials and was delivered to the U.S. Geological Survey's Great Lakes Science Center on October 17.

US Navy Christens Future USS Detroit

The U.S. Navy christened the future USS Detroit (LCS 7), the fourth Littoral Combat Ship of the Freedom variant, in a ceremony at Marinette Marine Shipyard in Marinette, Wisconsin, Oct.

Tanker Trends

PDVSA Charters Another Algerian Crude Cargo

Venezuela's state-run oil company PDVSA has hired a supertanker to load a second 2 million-barrel cargo of Algerian crude, according to preliminary tanker fixture data.

KOTC Takes Delivery of Product Tanker Mutriba

Classification society ClassNK said it has completed work on the 31,445 GT product tanker Mutriba, built by Hyundai Mipo Dockyard Co., Ltd. (HMD) as part of a series

New Dual Use Piracy Barrier Launched

Guardian Maritime launched Guardian Greenwater, a new product that was developed to deal with the issue of greenwater on-board deck following turbulent weather conditions,

 
 
Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators 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: 0.0810 sec (12 req/sec)