The Axe Continues to Swing at Cammell Laird

Monday, August 20, 2001
Insolvent British shipbuilder Cammell Laird Plc is cutting a further 117 staff, a spokesman for its receivers PricewaterhouseCoopers told Reuters on Monday.

The spokesman said 34 jobs out of 59 were being shed at its Tyneside operation in northeast England while 83 of 136 jobs were being cut at Birkenhead in northwest England.

Cammell Laird went into receivership in April after a series of cancelled orders hit its finances. Earlier this month, the firm, a symbol of the decline in British shipbuilding, announced it was axing 330 jobs on top of more than 600 job cuts made earlier in the year.

Last Friday, ship repair outfit A&P Group Holdings bought the plant and equipment of each of Cammell Laird's yards at Birkenhead, Tyneside and at Teeside, also in northeast England.

The receiver said Cammell Laird was not being sold as a going concern and any existing contracts would remain its responsibility. At the time, a PwC spokeswoman said the remaining staff at the shipyards would also be made redundant over time.

The yards in Birkenhead, Tyneside and Teeside were effectively mothballed at the end of July.

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

Ship Repair & Conversion

Crewman Claims Ferry Captain "Rushed Back To Bridge"

The captain of a South Korean ferry that capsized two days ago rushed back to the bridge after it started listing severely and tried in vain to right the vessel,

TEPNG Integrates AVEVA Engineering & Design

AVEVA announced that TOTAL E&P Nigeria Ltd. (TEPNG) has adopted AVEVA’s Engineering & Design solutions as part of an Integrated Engineering & Design approach. TEPNG

ClassNK Approves Fillet Welding Consumable

Classification society ClassNK announced that it has granted type approval for the new MX-200F welding consumable, developed by Kobe Steel Co., Ltd. (KOBELCO) to

Tanker Trends

Libyan Oil Port Re-Opening Delayed

Technical problems have delayed the reopening of Libya's eastern Zueitina oil export terminal after the government reached a deal with rebels to end an eight-month blockade of the port,

Pirates Approach Tanker in Bab El Mandeb

The U.S. Navy Maritime Liaison Office in Bahrain (MARLO) has advised that on or about 12:30 UTC on 14 April, the Master of an oil tanker reported being approached by a white-blue skiff in position 12.

Shippers Turn to Equity Markets as Sector Eyes Recovery

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Salvage Sonar 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: 0.1961 sec (5 req/sec)