Press reports that all is not well in the «British kingdom». A pillar of British yacht building, the Princess shipyard is set to make a reshuffle at its Plymouth production facility.
Managing Director Chris Gates explained that last year was a tough one for everyone, but that the yard had weathered the adversity with grace. To continue to stay in strong financial shape, the company is planning a restructuring that will result in the reduction of 55 employees.
In 2013, the government invested £4.6m into the Plymouth shipyard, which was to provide 400 new jobs for the city.
Recall that Princess Shipyard is one of the world's leading luxury yacht builders «» . The company has an extensive network of distributors and is always showcased at trade shows.
