Harland & Wolff: 'Strong case' to keep yards together

Published On Sep 17, 2024, 3:14 AM

Harland and Wolff, a shipyard company known for building the Titanic, is going into administration due to significant financial losses since its acquisition. The executive chairman, Russell Downs, is working with Rothschild bank to find buyers for the company’s four shipyards, including the main facility in Belfast. There is interest from various parties, including Spain’s Navantia. The ongoing situation has created a mix of hope and concern among employees, as the company is heavily loss-making and previously sought but was denied a £200 million government loan guarantee.