PracticeConsultingPwC under fire as it weighs up bids for Cammell Laird

PwC under fire as it weighs up bids for Cammell Laird

PwC had still not made a decision on which bid to accept at press time despite mounting protests and lost contracts at the yards.

A PwC spokeswoman confirmed the firm had received three bids for the yards, but said that there was no deadline for its decision. ‘All offers are being considered,’ she said.

Southampton-based shipyard A&P Group Holdings, Cammell’s main rival before it went into receivership in April, has tabled the third offer.

David Ring, chief executive of A&P Group Holdings, said: ‘We have sought to identify a solution that offers the best long-term future for the whole of the British ship repair and conversion sector.’

However, a spokesman for A&P refused to detail what that solution might be. Unions and employees at the yards fear that one of the solutions would in fact be be to close down the yards.

PwC came under growing fire last week, leading to workers’ protests, after more job cuts were announced. Present and past workers have criticised PwC for jeopardising the jobs and contracts by delaying its decision.

For further updates see www.accountancyage.com/

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