Revised aid package threatens shipbuilding jobs

Thousands of jobs could be at risk
at shipbuilder Cammell Laird after rumours that a £346m deal with a cruise ship
company has collapsed.

The DTI originally promised $300m
(£208m) to underwrite the contract with cruise ship company Luxus.

But a revised aid package
announced on Monday was reportedly not enough to save the contract. In the new
package the DTI will provide $250m (£173m) to underwrite the deal.

Luxus chairman Jim Davis has
reportedly claimed the deal is now off.

But Cammell Laid managing director
Dave Skentelbery told Personnel Today that the companies were considering the
DTI’s revised offer.

He said, “The DTI made a revised
offer – we are trying to understand what the offer means then we will look at
how to use it.”

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www.dti.gov.uk

By Richard Staines