Cammell Laird Cuts More Jobs

Maritime Activity Reports, Inc.

May 16, 2001

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)
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