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

Ship Repair & Conversion

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

MN 100: Horizon Shipbuilding, Inc.

13980 Shell Belt Road Bayou La Batre, AL 36509 E-mail: trshort@horizonshipbuilding.com Website: www.horizonshipbuilding.com President and General Manager: Travis R.

Ecospeed Fuel and Cost Saving Solutions at SMM

Ecospeed announced it will exhibit its line of fuel and cost saving solutions at SMM in Hamburg. Ecospeed and fuel savings Routine in-water cleaning results

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
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: 0.1123 sec (9 req/sec)