Summary
HOPES that a [pounds]300m oil and gas platform projectwould be completed in the region were shattered last night - alongwith the prospect of 1,000 jobs - after a rescue bid was rejected.
The decision was branded a "body blow" to the North-East and a devastating set-back to the UK's offshore industry.See the full content of this document
Extract
1,000 Jobs Sunk As Rig Work Goes Abroad
Jon Dale, director of the North-East consortium that had been bidding to complete the contract, said the decision was incomprehensible.
Among the many critics of the decision were Business Secretary Lord Mandelson, wh...See the full content of this document
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