BAE Systems has completed its final project in Portsmouth, bringing shipbuilding in the city to a close.
Last year, the manufacturer revealed that 940 posts and 170 agency staff would be let go at the Portsmouth yard.
Firm representatives said the cuts were essential following a drop in work after the aircraft carriers were finalised, but in excess of 150 staff members have been found new jobs.
In November, BAE Systems said in a statement: “The company remains committed to continued investment in the Portsmouth area as the centre of its maritime services and high-end naval equipment and combat systems business.”
Control of the shipyard will be passed back to the Ministry of Defence at the end of 2014, where several companies will state their proposals for the site’s future.