‘Uncertainty’ around level of support needed for shipyard’s future, report says

‘Uncertainty’ around level of support needed for shipyard’s future, report says
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‘Uncertainty’ around level of support needed for shipyard’s future, report says
Author: Neil Pooran
Published: Feb, 09 2025 11:20

Summary at a Glance

He said: “Until the Scottish Government take the future of Ferguson Marine seriously, it will be impossible to recruit a chief executive and retain the many talented staff that work there, who will drift away to other opportunities offered to them on Clydeside.”.

A report from Ferguson Marine acknowledges “uncertainty” around the level of government support the state-owned shipyard needs to maintain its operations and continue as a “going concern”.

Mr Petticrew said: “We are confident that, in partnership with the Scottish Government, we can secure a sustainable, long-term future for Ferguson Marine for the benefit of its workforce and the wider local community.

In a company financial statement, first published by The Herald, chief financial officer David Dishon says the board of directors acknowledges “uncertainty surrounding the future levels of support required”.

But a senior MSP says ministers have failed to grasp the seriousness of the situation and warned that Ferguson Marine will struggle to recruit a permanent replacement for its current interim chief executive.

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