Titanic shipyard may run out of cash within weeks

Published On Sep 13, 2024, 12:57 PM

Harland & Wolff, the historic shipbuilder known for the Titanic, is reportedly facing a cash crisis that could threaten hundreds of jobs. The GMB union warns that the company has funding only until the end of the month, urging government intervention. There are ongoing discussions with various parties, including a review by Rothschild bank regarding potential buyers, with 21 interests expressed. However, the company remains loss-making, and shares have been suspended since July due to unaudited accounts. Previous funding requests from the government have been declined, although they are engaging in discussions to find solutions.