Second bid tabled for ailing shipyard

The group of three former directors led by John Syvret, Cammell’s former group operations director, has secured financial backing from the investment firm Aberdeen Murray Johnstone Private Equity.

The other directors are Brett Martin, development director and Tom Williams, former engineering director.

More bids could come into play, but workers’ growing anger at redundancies and loss of work to rivals may influence PwC to take up one of the firm bids soon.If the offer is accepted, the yards could be re-opened by the end of the month, according to regional reports.

A further 24 job cuts were announced yesterday following the 42 announced on Monday. Around 200 employees remain from a workforce of 4,000 before the company went into receivership in April after the loss of a £50m Italian cruise ship contract.


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