But the firm said the shipbuilder would no longer be sold as a going concern as potential bidders had been deterred by the prospect of taking on liabilities through any acquisition.
Shipyards at Tyneside and Birkenhead will be ‘closed but kept in good repair’, joining the Teeside shipyard which was mothballed earlier this year, a spokesperson told AccountancyAge.com
All three shipyards will retain a skeleton staff to carry out essential maintenance work.
The decision to close down the remaining shipyards comes as current contracts run to an end. Since going into receivership in April, Cammell Laird has cut its staff in the UK from 2,220 to just 695.
Trouble for the shipbuilder began when a number of cancelled shipbuilding orders sank the company, forcing it to call in receivers.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
In our latest managing partner Q&A looking towards 2017, CVR Global's Richard Toone talks about recruitment, and the potential threat of competition from the legal sector, as key issues for the firm in the coming year
Deloitte to avoid tendering for government contracts over the next six months, to appease Theresa May following consultant's report that painted a less-than-flattering picture of Brexit plans
In our first Q&A looking towards 2017, Menzies senior partner Julie Adams flags up increasing digitisation, aligned with more hands-on consultative services, as the key mix for her practice