Cammell Laird closure to end Mersey shipbuilding
Cammell's owner, VSEL, blamed the closure after 160 years on the recession and the refusal of the Government and European Commission to grant subsidies.
VSEL warned two years ago that Cammell would close once its warship order book was completed, unless a buyer was found to convert the yard into a merchant ship builder.
The closure of the yard, which employed 40,000 in its heyday, will mark the end of an era.
The yard built its first vessel, an iron barge, in 1828. Some of Britain's most famous ships have rolled down the slipway, including the first Ark Royal aircraft carrier, two of the four Polaris nuclear missile submarines - Revenge and Renown - and the Conqueror, the nuclear-powered submarine that sank the Belgrano during the Falklands war.
Noel Davies, chief executive, blamed the demise principally on the EC and Government's refusal to allow Cammell access to the shipbuilding intervention fund. It did not qualify because it was designated a warship yard at privatisation, but Mr Davies said it could have been sold three times over had it been eligible.
Other factors were the recession, which dissuaded potential buyers, and uncertainty over the pounds 2bn Point of Ayr gas field development in Liverpool Bay, which would have provided orders.
Frank Field, Labour MP for Birkenhead, blamed the company, saying: 'We are not going to roll over and die because VSEL have decided that is best for them.' The yard's joint shop stewards committee will meet Wirral MPs next week to draw up plans to keep the yard alive.
The yard, one of the last remaining shipbuilders in Britain, is due to close in July once construction of a Royal Navy replenishment ship and the submarine Unicorn is complete.
VSEL hopes to redevelop the 154-acre site for mixed industrial, leisure, retail and housing use.
Jaguar will cut 200 jobs next year from the Radford engine building plant in Coventry.
The Post Office is to make 1,000 counter staff redundant, according to Peter Hain, Labour MP for Neath, with the bulk are expected in Wales. The Post Office denied a report in the Daily Mirror that it planned to shed up to 30,000 jobs, a sixth of the workforce.
Bitterness returns, page 2
- 2 Italian police 'reveal' what Jesus looked like as a young boy
- 3 General Election 2015: 14-year-old boy asks Nick Clegg – 'can you kill Katie Hopkins?'
- 4 University student in court for allegedly covering housemates' food in window cleaner and spit
- 5 Ryan Gosling posts tribute to 'Ryan Gosling Won't Eat His Cereal' creator Ryan McHenry
Italian police 'reveal' what Jesus looked like as a young boy
Who should I vote for? The Independent quiz matches best political party for undecided voters ahead of the general election
Mysterious 'X-Files' sounds heard miles above the Earth
Garland shooting: Isis claims attack on Prophet Mohamed cartoon contest in Texas as its first action on US soil
Met Gala 2015: Beyoncé manages to out-skimp Rihanna, Miley and Kim Kardashian combined with near-naked ensemble
In defence of liberal democracy
Over 50,000 families shipped out of London boroughs in the past three years due to welfare cuts and soaring rents
EU asylum policy is 'a direct threat to our civilisation', says Nigel Farage
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
General election live: SNP suspends two members for disrupting Labour rally
£13676.46 - £16411.61 per annum + OTE: SThree: SThree Trainee Recruitment Cons...
£18000 - £22000 per annum + training: Ashdown Group: Business and Marketing Gr...
£20000 - £25000 per annum + Commission: SThree: Are you great at building rela...
£20000 - £22000 per annum + excellent benefits: Ashdown Group: Application Sup...