Fears that the shipyard of Harland & Wolff could go into administration have arisen among a group of its shareholders.
The future of the Harland & Wolff Group, based in Queens' Island, east Belfast, comes amid reports that the company with shipyards including two in Scotland and one in England is running out of cash.
A union representing the shipyard workers has been sent a memo to its members suggesting there is "only funding for the business until the end of this month." In addition, the union has called upon the UK government to step in.
As the Belfast Telegraph reports, the memo was first reported by the BBC.
In the meantime, another union, the General, Municipal & Boilmakers (GMB) union, has stressed the seriousness of the Group's financial position. This has involved a letter sent on Friday to the Business Secretary Jonathan Reynolds and also to the Defence Secretary John Healey.
The letter has described the group’s situation as "critical" and said time was "fast running out for the UK government to find a solution.”
More here on the troubled shipyard group.
