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Monday, September 26, 2016

Cammell Laird Axes 187 More Jobs

July 11, 2001

Struggling shipbuilder Cammell Laird Plc, which is in receivership, has announced a further 187 jobs cuts in Britain on top of over 600 previously announced redundancies.

Accountancy firm PricewaterhouseCoopers (PwC), acting as receivers for the group, said on Wednesday that the latest cuts would see 95 jobs go at Tyneside, northeast England, and 45 redundancies at Birkenhead, northwest England.

The company, which currently employs just under 700 workers in the U.K., called in the receivers after a series of cancelled orders hit its finances, causing it to suspend trading in its shares.

The decline in the fortunes of Cammell Laird, whose main yard was set up in 1824, marked a further fall in Britain's once-proud shipbuilding industry.

PwC is currently trying to complete the sale of Cammell's three yards at Birkenhead, Tyneside and Teesside in northeast England.



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