Displaying items by tag: To Be Nationalised
In Scotland, the last civilian shipyard on the Clyde, The Herald reports, is to be nationalised by the country's Government within a month after a search for a commercial saviour failed.
Workers at Ferguson Marine in Port Glasgow, which was driven into insolvency by a calamitous contract for two CalMac ferries, were told of the development this morning.
The government has already written off almost £50m in loans and interest to the business.
The Scottish Tories called if “potentially disastrous” for Scotland’s shipbuilding industry.
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