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 Today

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

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

Ship Repair & Conversion

Ship Conversion: Offshore Survey Vessel to Become a Flotel

Dutch shipowner C-Bed has contracted Wärtsilä Ship Design to supply the design for rebuilding its Seismic Survey Vessel, the Viking II, for use as a hotel vessel

Turbocharger Retrofits for Royal Caribbean

MAN PrimeServ informs it has won the contract from Royal Caribbean Cruises Ltd. (RCCL) to retrofit the turbochargers aboard four cruise liners from its fleet.   The

Adrift Cargo Ship Taken in Tow

The Barbados-registered cargo vessel Skog, which was adrift off Orkney after encountering engine problems, is now under tow, the U.K. Maritime and Coastguard Agency (MCA) reported.

Tanker Trends

Idling Fleet Continues to Surge

Owners are rapidly laying up containerships as the market slows. The size of the idle fleet will get bigger while rates and profits slide, says Drewry Shipping Consultants Limited.

Egypt to Complete East Port Said Side Channel in 2016

Egypt plans to complete a side channel in East Port Said, near the Suez Canal, that would speed up shipping and allow ships direct entry into the port by the end of June 2016,

Concordia Maritime Charters MR Tanker

Concordia Maritime has signed a contract for the charter of an IMO2/3 class MR tanker, the company announced today. The vessel will be chartered jointly with Stena Weco,

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Salvage Ship Electronics
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: 0.0657 sec (15 req/sec)