A British shipyard is closing. A&P Tees is a five-acre site in northeast England primarily focused on ship repair with two drydocks and 240 m of jetty frontage. A&P has two other yards in England.
Shipbuilding has taken place at the former Smiths Dock site since the early 1900s. A&P took over the location in 2003 following the collapse of Cammell Laird.
Workers at the Tees facility are being offered jobs at another nearby A&P yard.
The UK government unveiled a £4bn ($5.16bn) plan two years ago to revitalise UK shipbuilding and coastal communities through its National Shipbuilding Strategy Refresh.