Harland and Wolff set to go into administration

Published On Sep 16, 2024, 6:41 AM

Harland and Wolff, a shipbuilding company known for its significant historical contributions such as the Titanic, has announced it will enter administration again, leading to job losses and the winding down of non-core operations. However, the company believes there is potential for its four shipyards to continue operating under new ownership, with expressions of interest from potential buyers like Spain’s Navantia and Babcock International. The UK government has stated it supports the search for new ownership while emphasizing its risks in intervening financially. The current situation raises concerns about job security yet indicates potential restructuring and future opportunities in shipbuilding.