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Austal Ltd Consolidates Service Divisions and Starts Ramp Up of Australian Construction Activity


Tuesday, 30 Apr 2013 02:59am EDT 

Austal Ltd (Austal) announced that the Company is consolidating its two Henderson bases into its primary facility and closing its Spanish service business. The Company is also increasing construction activity at Henderson as the Cape Class Patrol Boat program shifts from first-in-class construction and trials to steady-state construction operations. Austal is transferring service operations from its satellite service base at Henderson, Western Australia, to its nearby primary shipbuilding facility to reduce overhead costs and drive margin growth for both its shipbuilding and service operations. A decision has not been made whether to sell or lease out the shipyard infrastructure at the service base. Austal will close its service centre in Spain, however its other service businesses in the Middle East, Americas, Asia and Australia are unaffected. Austal expects approximately 14 staff will be made redundant at the service centre in Spain, with two staff repatriating to Australia. At Henderson, 12 positions have been made redundant as a result of the consolidation. Meanwhile, the Company is intending to recruit more than 100 people in trade positions over the coming months at the Henderson shipyard to work on the Cape Class Patrol Boat (CCPB) program for the Australian Customs and Border Protection Service. 

Company Quote

1.235
0.015 +1.23%
24 Jul 2014