Titanic shipyard to go into administration

Quick Summary:

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

The company warned that "a further reduction in headcount in our core activities may be necessary" depending on the progress of the sales process.

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

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Article Details

Category: Business

Markets: United KingdomIrelandSpain

Topics: Company Wolff Staff Process Future Government Work Business Yards Harland

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-16 @ 15:41:31 (17 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 1067 words

Reading Time: 6 minutes read

Sentences: 38 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 22537173

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 4 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

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Publisher ID: #43

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