Cammell Laird has confirmed more than 140 job losses following a consultation with workers at the Birkenhead shipyard.
In a statement today the company said 146 people had taken voluntary redundancy and the firm would now "embark on a programme of transformation".
They also confirmed their apprenticeship scheme will be developed to create 25 places a year.
A spokesperson said: "Cammell Laird is pleased to announce the conclusion of its HR1 Process, which has resulted in 146 Voluntary Redundancies.
"The business will now embark on a programme of transformation, which will lead to Cammell Laird becoming a technical economy with a multi-skilled workforce which is trained and equipped to understand future technologies.
"We will continue to develop our apprenticeship programme and bring in a minimum of 25 apprentices each year.
"These next steps of our journey will ensure Cammell Laird is agile and competitive, and able to deliver our current order book and secure future contracts.
"Cammell Laird will stand ready to compete in the marketplace with a business which is sustainable for many years to come."
The losses come after a Cammell Laird boss was reported as saying the company was not intending to make redundancies just weeks before it announced job cuts.
One of the directors, Mark Whitworth, spoke to the Financial Times in January as it reported on the £34.7m losses incurred by the shipyard from the construction of the £200m Sir David Attenborough research vessel.
The newspaper reported he told them there were no intentions to make cuts to the 900-strong workforce. He added: "We are very keen to support the business because of its long term potential."
Two months later, the shipbuilder released a statement confirming plans to cut 178 posts, citing a "downturn in work" and "employing too many people".
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The statement, on March 5, also went on to say Cammell Laird was currently "inefficient and uncompetitive".
In comments reported by the FT in January, Mr Whitworth reportedly said the site had a “strong pipeline of business”.
Cammell Laird has undergone a shift in management with three directors leaving in August last year.
The FT also reported the company had to be rescued by shareholders after the millions lost building the Sir David Attenborough with Mr Whitworth stating it is unlikely the Wirral site would take on another project as big if it is part of a consortium.
Following this, Cammell Laird said they had carried out a full review of the business which had revealed the "enduring downturn of workload" and that the business needs to "modernise and develop processes, procedures, and governance".
A spokesperson added: "We fully understand that this news will have a major impact on employees and their families that will be affected.
"However, we firmly believe that action taken now will ensure that Cammell Laird is agile, sustainable, and profitable. Equally, we will be able to deliver our current contracts and bid competitively for future work."
