BAE boss warns of shipyard closure
Published at 08:01, Monday, 26 November 2012
BAE Systems could close one of its major shipyards, chief executive Nigel Whitehead has warned – leading to fears about the future of the company’s Portsmouth site.
Mr Whitehead told the Sunday Telegraph a decision would be made by the end of the year.
It is believed Portsmouth is most at risk and a closure could reportedly put about 1,500 jobs under threat.
The future of its three main shipyards - in Portsmouth, and Govan and Scotstoun on the River Clyde - after two new aircraft carriers are completed has been in doubt for some time.
"The issue is how to consolidate... but make sure that we've preserved the capability to design and manufacture complex warships," Mr Whitehead told the newspaper.
"We anticipate that there will be a reduction in footprint and we anticipate... that part of that might actually be the cessation of manufacturing at one of the sites."
Mr Whitehead also revealed that relations with EADS have strengthened since a merger bid collapsed earlier this year.
He said: "The relationship with EADS has been strengthened. The mutual trust has grown as a result of the fact we were very authentic and honest with each other, and there was no sense of trying to outdo each other.
“So from that perspective there is a warmth between the two companies, and a willingness to focus our attention on jointly working to win export opportunities. It's positive."
Published by http://www.in-cumbria.com
- Stobart Group upbeat about latest results
- Companies lining up bids to run Carlisle TV station
- Survey results could mean Cumbrian coal revival
- Shortlist announced for CN Group business awards
- New TIS factory will boost Cumbrian manufacturing
- Council votes to back supermarket levy
- Ban for directors of Carlisle-based finance business
- How to use colour on your website
- Boss says poor rail service is stifling growth in South Cumbria
- Cumbrian catering equipment company sold
- Huge drop in number of employment tribunals
- New finance director at Story Homes
- Cumbrian houses less affordable than London homes
- Scotland wants to explore Solway for oil and gas
- Women bosses earning less then men
- Firms get say on Carlisle city centre vision
- Fracking protection for Lake District National Park unless 'exceptional circumstances' (1 comment)
- Brewery expands to meet demand
- First Moorside contract put out to tender