#JobLosses - Sixty jobs are set to go at Harland & Wolff, the losses represent approximately one third of the east Belfast engineering firm's permanent workforce, reports BBC News.
Discussions are soon to get underway with unions.
The company is blaming the move on a downturn in the offshore oil and gas sector. The firm stopped shipbuilding in 2003.(Afloat, adds the last vessel built was the Anvil Point).
Its activities now include the repair and refurbishment of vessels ands oil rigs.
Unions have described the news as "the latest bad news story for manufacturing in Belfast and Northern Ireland".
They added the decision "reflects the recent decline in the company's order books". For more on this story, click here.