The company, which built the Titanic, expects 50-60 immediate redundancies but clarified that staff at its four shipyards—located in Belfast, Scotland, and England—will not be affected.

First Minister Michelle O’Neill emphasized the government’s commitment to preserving jobs. “Our priority is protecting jobs. We’re working toward finding a commercial solution that allows employment to continue,” she said. O’Neill also confirmed plans to meet with union representatives.

Deputy First Minister Emma Little-Pengelly described Harland and Wolff as an “iconic” company and expressed optimism about its future under new ownership. She credited MP Gavin Robinson’s long-term efforts in helping secure contracts for the company, noting the potential for Harland and Wolff to return to shipbuilding and defence work. She stated, “There is significant interest in acquiring the company, and we will work collectively to support a positive outcome.”

Secretary of State Hilary Benn confirmed that the shipyard is still operating, fulfilling a contract for three Royal Navy support ships. He reiterated the government’s commitment to maintaining shipbuilding in the UK, including at Harland and Wolff.

The shipyard is facing administration for the second time in five years, though the process will be limited to the holding company, Harland & Wolff Group Holdings PLC. The operational companies running the shipyards are expected to continue trading. Insolvency firm Teneo will oversee the administration, with shares being delisted.

The company, part of a consortium building new Royal Navy fleet support ships, had applied for a £200 million loan guarantee from the UK government. However, the government declined to act as guarantor or provide direct financial support, citing the significant risk to taxpayer money.

Harland and Wolff interim executive chairman Russell Downs acknowledged the “challenging time” for the company, citing historic losses and failure to secure long-term financing. Downs expressed concern for the staff affected but remained hopeful that the shipyards could continue under new ownership, noting their strategic importance to UK shipbuilding and renewable energy sectors.

The UK government has pledged to work with all parties involved to secure a sustainable future for the shipyard. Ulster Unionist MLA Andy Allen emphasized the need for swift government action to find a new owner for the yard, given its strategic role in national defence and the economy. He stressed that the skills and expertise of the workforce are vital and called for immediate efforts to ensure the yard’s future growth and success.