The benefit evening will begin with a documentary screening
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Union officials for Appledore's shipyard say many of its former workers are still experiencing severe hardship.
In an effort to help, a benefit night is being held on Saturday for the Appledore Shipbuilders Welfare Club.
Veteran union activist and former Labour MP Tony Benn is hosting the benefit night at the Plough Arts Centre in Torrington.
Gary Cook from the GMB Union says the benefit should lift the morale of the former workers.
Yacht contract
The union said the future for Appledore was starting to look positive after the yard was bought by Plymouth company DML in February after going into receivership last September.
Last month, it won a contract to design and build an 80m (262ft) super yacht, providing work for up to 140 people for about 12 months.
However, the union said some of the 500 or so workers who lost jobs when it went into administration last year have still not found other employment and are facing very difficult times.
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