Harland & Wolff, the Belfast shipbuilder, has announced the business is set to move into administration.
The shipyard group, also with two facilities in Scotland and one in England, said between 50 and 60 immediate redundancies are expected. The company, however, said that staff employed at its four shipyards are not affected.
It was at Harland and Wolff’s Queen's Island shipyard, which famously built the Titanic, has four shipyards—aside from Belfast, the Arnish facility on the Isle of Lewis and Methil on the Firth of Forth, in addition to Appledore in north Devon.
This is the second time that the Belfast based business has been placed into administration within five years.
The administration process reports RTE News, which has more on the development, will be confined to the holding company, Harland & Wolff Group Holdings PLC. As for the operational companies that run the yards on both sides of the Irish Sea, they are expected to continue trading.
