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Scotland´s last commercial shipyard
Ferguson Shipbuilders set to close

Guardian [UK], by Angela Monaghan

Original Article

Posted By:Ribicon, 8/19/2014 12:46:45 PM

Scotland´s remaining shipbuilding industry was dealt a severe blow on Friday when the country´s last commercial shipyard went into administration with the loss of about 70 jobs on the river Clyde. After more than a century in business, staff at Ferguson Shipbuilders arrived for work at Port Glasgow, Inverclyde, in the morning to be told most of the 77-strong workforce were being made redundant with immediate effect. A handful of workers were retained to finish existing work and maintain the yard. The company has called in KPMG as administrators after it could no longer withstand cashflow problems and a failure

Comments:
Another chapter draws to a close, another triumph of labor unions, bungling management, and deindustrialization policies of Western nations.

      


Post Reply  

Reply 1 - Posted by: Immanuel Goldstein, 8/19/2014 1:02:12 PM     (No. 9971999)

Boy, those Ferguson riots have been having an effect, haven´t they.

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Reply 2 - Posted by: Lawsy0, 8/19/2014 1:07:34 PM     (No. 9972012)

The unions did what they could; they didn´t have an Obama to ruin it proper-like.

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Reply 3 - Posted by: schnapps, 8/19/2014 1:08:32 PM     (No. 9972014)

Scotland is now almost completely on the dole.
Besides renting out castles for weddings, the Edinburgh Festival and Sean Connery´s movie royalties, there is no visible means of income.
And they want independence from the UK?

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Reply 4 - Posted by: FL_Absentee_Voter, 8/19/2014 1:35:42 PM     (No. 9972057)

As in this country, it´s the Royal Navy that keep´s Britain´s shipyards afloat these days. Sounds like there isn´t enough Navy work to go around any more, so Ferguson bites the bullet.

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Reply 5 - Posted by: NYBruin, 8/19/2014 1:38:39 PM     (No. 9972061)

Uh, # 3. Ever hear of North Sea oil??

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Reply 6 - Posted by: lotsamojo, 8/19/2014 2:10:28 PM     (No. 9972116)

Since the union leaders seem to think the industry they destroyed should not go out of business . . . give the union(s) the chance to buy the shipbuilder and carry on the money losing tradition !

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Reply 7 - Posted by: dman, 8/19/2014 2:27:02 PM     (No. 9972143)

Too many "Furgusons" for one news cycle, #1.

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