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Displaying items by tag: LayOffs

The administrators for Harland & Wolff have extended the temporary unpaid lay-off of workers in what a trade union said was a "light at the end of the tunnel" for the stricken shipyard.

As the Belfast Telegraph reports, business advisers BDO said they had agreed with trade unions that the majority of the 123 staff would continue their temporary lay-off - a move which staves off redundancy.

Staff have been holding a sit-in at the yard as unions called for renationalisation, although the Government has said its difficulties are a commercial issue.

Potential buyers had until midday yesterday (Thursday) to make an offer but the deadline has now been extended. Administrators said they hoped expressions of interest could translate into a viable offer .

East Belfast MP Gavin Robinson said: "This is welcome news and is a demonstration of the ongoing work to secure a positive outcome for the shipyard."

Mr Robinson added he was talking to government about how it could help the shipyard and would also meet the administrator with his party leader Arlene Foster on Monday.

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Published in Belfast Lough

A trade union, writes Belfast Telegraph, the GMB has said it's in talks with the administrators of Harland & Wolff about extending the temporary lay-off of staff beyond Friday, it has emerged.

GMB and the Unite union last week reached agreement with business advisers BDO, who were appointed administrators to the stricken shipyard last week, that workers would be laid-off temporarily in a move to stave off redundancy.

Unions have called for renationalisation of the firm, which was previously in government ownership in the 1980s and 1990s.

Yesterday Michael Mulholland of the GMB told the Belfast Telegraph the union is now in talks with the administrators about extending the lay-off, though no agreement has yet been reached.

More on the story can be read here.

Published in Belfast Lough

About Arklow Shipping

Arklow Shipping Limited, one of Ireland's leading shipping companies, has marked over 50 years of operation following its establishment in 1966.

The company, which began with a fleet of seven ships, has grown steadily over the years and now boasts a fleet of 59 vessels.

The company was founded by Captains James Tyrrell, Michael Tyrrell, and Victor Hall, who collaborated to create an umbrella company to operate their ships. This move allowed them to reduce overheads and strengthen their position in the market. The original fleet comprised seven ships, namely Tyrronall, Murell, Marizell, Valzell, Kilbride, River Avoca, and Avondale, all of varying sizes.

The shipping industry in Ireland underwent a significant transformation in the 1960s, with the replacement of traditional auxiliary schooners with modern crafts.

Arklow Shipping was at the forefront of this change, and the founders recognized the need for a new approach to shipping in Ireland. They built a company that could adapt to the changing market demands, and this has been a key factor in the company's continued growth.

Over the years, Arklow Shipping has bought, sold, and built ships, facing the challenges and opportunities that come with operating in the shipping industry. Despite these challenges, the company has remained committed to meeting market demand and providing high-quality services to its clients.

Today, Arklow Shipping is a leading player in the shipping industry, with a strong reputation for reliability and professionalism. The company's success story is a testament to the vision and dedication of its founders, who laid the foundation for a company that has stood the test of time.