Jimmy Skivington News

Management Buyout Proposed For Cammell Laird Yard

Cammell Laird Plc has axed another 146 jobs in the U.K., but a proposed management buyout of one of its yards held out the prospect on Wednesday of saving hundreds more. Cammell Laird, which called in the receivers in April, has announced over 600 job cuts in Britain this year after a series of cancelled orders hit its finances. A spokeswoman for accountancy firm PricewaterhouseCoopers (PwC), acting as receivers for the group, said that a management team had made an indicative offer for the Tyneside shipyard in northeast England. And PwC expects another management offer for Cammell Laird's plant at Birkenhead, northwest England, which was first established in 1824. The company has a current UK workforce of around 770.