More Than Jobs Lost as Shipyard Sinks
Bowen, David, The Independent (London, England)
ON FRIDAY, Swan Hunter lost its last battle: the company that built the Mauretania is sinking amid an unseemly squabble between CMN, the potential buyer, and the receiver from Price Waterhouse.
While CMN is keeping alive the hope that another shipyard may rise up on the other side of the Tyne, the people of Wallsend can be forgiven a little cynicism. They have been promised so much, so many times, that they are bound to raise their eyebrows at new promises.
Whatever happens at Hebburn - the dock across the river that could be turned into a shipyard - Swan Hunter will die. And while the receiver, Gordon Horsfield, and CMN's Fred Henderson tried to pin the blame on …
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Publication information: Article title: More Than Jobs Lost as Shipyard Sinks. Contributors: Bowen, David - Author. Newspaper title: The Independent (London, England). Publication date: September 11, 1994. Page number: Not available. © 2009 The Independent - London. Provided by ProQuest LLC. All Rights Reserved.
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