Ian Stokoe News

Cammell Laird, which has entered into receivership, is to cut another 248 jobs in Britain over the coming weeks. PricewaterhouseCoopers, which is acting as receivers for the shipbuilding group, said that the cuts were necessary due to declining volumes of work. "The work is running down. We have workers surplus to requirement as dictated by workload...," said a spokeswoman for Ian Stokoe at accountancy firm PricewaterhouseCoopers. - (Reuters)

Ship repair outfit A&P Group Holdings said on Friday it bought the dockyards of insolvent shipbuilder Cammell Laird, but there was no reprieve for the 204 workers of the northern English firm. A spokeswoman for Cammell Laird's receivers PriceWaterhouseCoopers (PWC) said the remaining staff at the shipyards would be wound down but no deadline had been set. Cammell Laird collapsed 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 to axe 330 U.K. jobs on top of more than 600 job cuts made earlier this year. Among the famous boats put to sea from Cammell Laird's Mersey docks were the aircraft carrier Ark Royal and the Alabama, a raider designed to fight in the U.S. civil war.