Vosper Thornycroft’s Portchester shipyard in Hampshire is to take on 25 more engineers following a series of contract wins for refits of small craft for Customs and Excise, the RNLI and private yachts this winter.
High risk limit
Trade and Industry Secretary Peter Mandelson said the ‘Amber Zone Budget’ of the UK’s export credit agency ECGD which limits support for British exports to high-risk countries would remain at £3.8bn a year until 2001.
Bus battle claim
Mayflower this week claimed it had won its bid battle with Henlys to take over specialist vehicle maker Dennis. It said it had gained acceptances for a controlling stake of over 50% in Dennis. Mayflower intends to integrate Dennis with its bus bodies business Walter Alexander.
One in five workers are unhappy with their employers, one in three had no training last year and four out of ten thought their managers were ‘poor’ or ‘very poor’ at consulting them on key issues, according to The 1998 Workplace Employee Relations Survey: First Findings. It was sponsored by the DTI, Acas, the Economic and Social Research Council and the Policy Studies Institute.
ISA in BG team-up
ISA Controls has formed a partnership with BG to exploit a wet gas meter that can provide continuous measurement of gas fraction, gas flow and liquid flow. ISA will develop the meter for BG.
Adtranz sheds 90
Adtranz UK announced this week it would be laying off 90 people in its rail signalling business. It blamed a downturn in the market and its failure to secure a big contract from Railtrack for the cutback, which will reduce the permanent staff in the signalling operation by 10%.