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Department for Business and Trade (DBT)Latest News

Hopes high DTI aid will safeguard shipbuilding jobs

by Personnel Today 20 Feb 2001
by Personnel Today 20 Feb 2001

An
estimated 1,500 shipbuilding jobs will be safeguarded and another 450 could be
created if a DTI aid package helps Cammell Laird win a contract to build two
cruise liners.

The
DTI had previously offered $300 million in guaranteed loans to underwrite a contract
with US company Luxus and has now increased this by another $100 million.

The
improved offer was submitted in response to a financial aid package put forward
by the French Government to try and secure the contract for France.

A
spokesman for Cammell Laird told Personnel Today that if Luxus chose Cammell
Laird to build the cruise liners, 500 jobs at its Liverpool yard and 1,000 at
its Teeside and Tyneside yards would be safeguarded.

He said that 450 workers laid-off by the company before
Christmas could also be employed.

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www.dti.gov.uk

By
Ben Willmott

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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