'We Won't Bail Out Shipyard'

The JournalOctober 14, 2004

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Summary


Hopes of bringing forward naval contracts to save more than 1,500 shipbuilding jobs on the Tyne were dashed by a Government minister yesterday.

Defence procurement minister Lord Bach said the Government had "no solution" to the problem of falling orders faced by the industry in the North.

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Extract


'We Won't Bail Out Shipyard'

And he ruled out any financial aid to support Swan Hunter when its Wallsend yard runs out of work in 2006 in a move attacked by politicians and unions as "a slap in the face" and likely to cost the region much-needed sk...

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