Harland and Wolff, the Belfast shipyard that constructed the Titanic, will probably be positioned into administration.
The yard, whose large yellow cranes tower over central Belfast, stays one of the crucial potent symbols of town’s previous as an industrial engine of the British Empire.
It employed greater than 30,000 in its World Conflict Two heyday however has been in decline for over half a century and now employs 130 full-time employees, specialising in vitality and marine engineering tasks.
“There was a sequence of board conferences the results of which is that directors will probably be appointed over the course of the day,” a Harland and Wolff spokesman mentioned.
Staff final week locked themselves into the yard and refused to go away in a bid to take management of a course of they worry will deprive them of their jobs.
A union representing employees mentioned on Monday they’d attempt to block directors from getting into the positioning, including the most effective plan of action was nationalisation.
Staff gave a letter to new British Prime Minister Boris Johnson final week calling for the state to nationalise the yard, however a British authorities spokesman mentioned its destiny was a industrial situation.
The most recent transfer comes after Norwegian guardian Dolphin Drilling filed for chapter in June.
Whereas administration would put 130 jobs in danger, it might not essentially result in the closure of the shipyard, a lot of whose land is on lengthy lease from Belfast Harbour Commissioners.