A DECISION to axe shipbuilding in the city would be ‘devastating’ for Portsmouth, according to Hampshire’s Chamber of Commerce.
Executive director Maureen Frost said job losses at BAE Systems - which could amount to more than 1,000 in total between Portsmouth and the Govan and Scotstoun yards in Glasgow - are ‘just the tip of the iceberg.’
She said: ‘This is devastating news for Portsmouth.
‘The headline job losses are just the tip of the iceberg. There will be a major impact on the supply chain as well.
‘We will offer our support to Portsmouth City Council on a range of projects to help mitigate the impact and we will also provide support to small businesses who currently supply to BAE.’
Politicians in Portsmouth have also expressed alarm at the expected cuts, as well as the impact on firms which service the yard.