Devonport hand-over in final stage

Devonport Management, the contractor-manager of the Devonport Royal Dockyard, says privatisation will be complete by the end of February. Sales and marketing general manager Reg Shield said the final stage of talks with the Government over the sale should be finished by the end of this month, with a firm agreement. Legal formalities will take […]

Devonport Management, the contractor-manager of the Devonport Royal Dockyard, says privatisation will be complete by the end of February.

Sales and marketing general manager Reg Shield said the final stage of talks with the Government over the sale should be finished by the end of this month, with a firm agreement.

Legal formalities will take another month. Unions representing the 4,000 employees at the yard have accepted the terms of employment after privatisation.