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HomeNewsHarland & Wolff Holding Company Goes Into Administration

Harland & Wolff Holding Company Goes Into Administration

Harland and Wolff is to be placed into administration for the second time in five years.

Insolvency practitioners Teneo are being lined up to act as administrators and some “non-core” staff are being made redundant, according to a company statement.

However, the company’s board said there was a “credible pathway” for its four shipyards to continue trading under new ownership.

Its main yard is in Belfast, with other operations at Appledore in England and Methil and Arnish in Scotland.

The company said the administration process will be confined to the holding company, Harland & Wolff Group Holdings plc, and the operational companies which run the yards are expected to continue trading.

In a statement, the firm said its non-core operations are being wound down.

The GMB Union was quick to react to the news.

Matt Roberts, GMB National Officer, said: 

“Workers, their families and whole communities now face their lives being thrown into chaos due to chronic failures in industrial strategy and corporate mismanagement.  

“All the four Harland & Wolff yards are needed for our future sovereign capabilities in sectors like renewables and shipbuilding.  

“The Government must now act to ensure no private company is allowed to cherry pick what parts are retained, in terms of which yards or contracts they wish to save.  

“Leaving these vital yards – and the crucial FSS contract with all its promises for UK shipbuilding – to the mercy of the market is not good enough. The Government must provide support and oversight to get the market to the solution we need.” 

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