Former VT yard at Portsmouth could close within a decade (From Daily Echo)

Former VT yard at Portsmouth could close within a decade

11:43am Wednesday 1st July 2009 in

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THE long-term future of the former VT shipbuilding yard in Hampshire has been thrown into doubt by a leaked memo.

Two out of three shipyards belonging to BVT Surface Fleet, the joint venture company which took over the running of the Portsmouth yard last year, face closure within a decade, according to the document.

The other two yards are in Govan and Scotstoun in Glasgow, Scotland.

Any closure could be a disaster for the south Hampshire economy where as many as one in 12 people are reliant for work on the Portsmouth naval base.

See Thursday's Daily Echo for the full story.