2024-09-17 14:02:24
More than 100 years after the sinking of the Titanic, the shipyard where the ship was built is also threatened with collapse. The parent company of Harland & Wolff is insolvent.
The parent company of the “Titanic” shipyard, Harland & Wolff, is insolvent. This was revealed by a review of all the holdings of H&W Group Holdings PLC, the company announced in Belfast. 50 to 60 employees are directly affected, but initially not the employees of the four shipyards in Northern Ireland and Great Britain.
This is the second bankruptcy within five years. However, the supervisory board stressed that there was a “credible way” to preserve and sell the shipyards. The company was recently dependent on a US lender and hoped in vain for government support.
The luxury liner “Titanic” was once built at Harland & Wolff in Belfast. It hit an iceberg and sank on its maiden voyage in the North Atlantic in 1912. Today, a museum at the shipyard commemorates the ship and the disaster that claimed almost 1,500 lives.