Yarrow Shipbuilders plans to axe 500 jobs

MORE than 500 jobs are to be axed by a leading shipbuilder because of a gap in its order book caused by delays in defence spending, it was announced yesterday.

The 510 jobs will be shed by Yarrow Shipbuilders on the Clyde in Glasgow by the end of the year. The company will try to cushion the blow by redeploying workers.

Volunteers will be sought but many workers are likely to be made compulsorily redundant.

Yarrow, which employs 2,750 people, axed 645 jobs last December and the fresh wave of redundancies has come despite orders for five new frigates this year.