Jobs Set to be Cut by Vosper

Thursday, January 11, 2007
According to The News, Portchester-based VT Halmatic has told workers that up to 130 of the 270 workforce could be made redundant. The business has been under threat for some months and has now announced it is to cut costs by making fewer types of boats and reducing the workforce. Letters have been sent out to the threatened workers which gives them options to apply for jobs elsewhere in the VT Group. Company officials said, following a decline in orders for some Ministry of Defense and commercial craft, we have undertaken a strategic review that will result in us exiting some product lines and restructuring the business.

VT Group has been reviewing the Halmatic site in recent months. Part of the site is in the process of being sold off to developers, possibly for housing, with the future of the rest of the site unclear. One option could be to move VT Halmatic to the naval base alongside VT Shipbuilding and sell the land off for housing. Talks are currently taking place with the union. Defence economics expert at the University of Portsmouth, Dr Michael Asteris, said the loss of jobs was a problem specific to VT Halmatic and the competitive industry it was in, and not VT Group as a whole. Source: The News

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

NOIA Applauds RI Offshore Wind Project

National Ocean Industries Association (NOIA) president Randall Luthi issued a statement congratulating “steel in the water” for Deep Water Wind’s Block Island Wind Farm,

BTP Handles Millionth Container

Brazil’s newest container terminal hits a series of efficiency milestones   Brasil Terminal Portuário (BTP), Brazil’s newest container terminal in the Port of Santos,

SBM Offshore Completes $1.55 bln FPSO Financing

SBM Offshore announced it has today completed the project financing of FPSO Cidade de Saquarema for a total of $1.55 billion, marking the largest project financing in the company's history.

Coast Guard

Search on for Two in Waters near Halona Blowhole

The Coast Guard is searching for two men swept out to sea near Halona Blowhole Lookout, Saturday. A 45-foot Response Boat-Medium crew from Coast Guard Station Honolulu,

China: Every Right to Drill in East China Sea

China said on Friday it had every right to drill in the East China Sea close to waters disputed with Japan, adding that it did not recognise a "unilateral" Japanese

China: U.S. Influencing Philippines' Case Outcome

China's Foreign Ministry said on Friday the United States was trying to influence a South China Sea arbitration case filed by the Philippines after a senior U.S.

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction
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: 0.1649 sec (6 req/sec)