Cammell Laird Slashes 93 More Jobs

Wednesday, June 06, 2001
Struggling shipbuilder Cammell Laird Plc is to cut a further 93 jobs in Britain on the back of over 500 redundancies announced earlier in the year after the group entered into receivership.

A spokeswoman for accountancy firm PricewaterhouseCoopers, acting as receivers for the group, said on Wednesday that 82 jobs would go at its plant in Tyneside, northeast England. The rest of the job cuts would take place at the Birkenhead and Teesside plants in northern England.

She added that the cuts had arisen since Cammell Laird had completed work on two major contracts and so no longer needed the workers.

Cammell Laird, whose main yard was established in 1824, entered receivership when a series of cancelled orders hit its finances, causing it to suspend trading in its shares. The decline in its fortunes echoed those of the British shipbuilding industry as a whole.

PricewaterhouseCoopers added it was continuing talks with former Cammell Laird executive Eric Welsh over his offer to buy the Teesside yard, and so rescue some of the jobs.

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