Harland and Wolff Enters Administration; Ministers to Meet with Union
First and deputy First Ministers of Northern Ireland aim to find a solution to protect jobs at the historic shipyard.
- Harland and Wolff, the iconic Belfast shipyard, has announced it is entering administration for the second time in five years.
- First Minister Michelle O’Neill and deputy First Minister Emma Little-Pengelly will meet with trade union representatives to discuss protecting jobs.
- The administration process will affect the holding company, but the operational companies running the yards are expected to continue trading.
- The Government has decided not to provide a £200 million loan guarantee, citing significant risk to taxpayer money.
- Efforts are ongoing to find a new owner for Harland and Wolff, which continues to operate with a contract for three Royal Navy support ships.