Kvaerner Govan on the Clyde faces heavy redundancies and possible closure within a year. It was beaten to a £200m order for two Royal Navy oil tankers by Cumbrian-based VSEL. The Ministry of Defence said the contract had been awarded on value-for-money grounds.
- Financial Times 13/03/97 page 22
- The Guardian 13/03/97 page 20
- The Independent 13/03/97 page 20
