Audit Scotland questions Ferguson Marine's future due to poor governance and lack of contracts.

Audit Scotland has raised concerns over Ferguson Marine's long-term viability, citing poor governance and decision-making. The shipyard, nationalized in 2019, currently has no contracts beyond the Glen Rosa ferry, with only Scottish Government funding until 2026. Issues include large severance packages without proper oversight and contract changes without approval. The audit calls for an independent review of governance to prevent future missteps. The Scottish government is working to strengthen the yard's governance and secure its future.

3 months ago
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