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.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

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

Ship Repair & Conversion

Hansa Offenburg, Hansa Drakenburg Sail Scale-free

Leonhardt & Blumberg was founded in 1903 and has managed more than 180 vessels, the majority of which were general cargo vessels and bulk carriers. Today the company

Haven Marine Signs Service Contract with Svitzer

Haven Marine Services informs it has signed a five year contract with Svitzer which will see the yard service the requirements of Svitzer’s vessels within the Bristol Channel and Irish Sea areas.

BWTS Refit for Netherlands Naval Vessels

The Defense Material Organization has awarded three contracts to Goltens Worldwide’s Green Technologies business unit for the engineering and turnkey installation

 
 
Maritime Contracts Maritime Security Navigation Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators 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: 0.0495 sec (20 req/sec)