Babcock, an engineering firm has decided to cease operations at one of its dockyards in Devon.
Although the facility generated about £24,000,000 of Babcock’s revenue between 2017 – 2018, the firm stated that, “it had taken the difficult decision to exit operations at its Appledore facility in Devon, ending its site lease in March 2019.”
Sources state that the Ministry of Defence offered to bring forward a contract of £60,000,000 for the facility in Appledore but Babcock did not believe that it would guarantee the future of the yard long-term.
The defence secretary, Gavin Williamson mentioned that he did not receive any assurances from Babcock that the firm would continue operating at the dockyard if the ministry assisted.
The engineering firm has promised to offer relocation opportunities to all the staff affected in this recent decision. Reports from them state that 140 out of the 199 people affected are currently on short-term deployment to their site in Devonport.