Displaying items by tag: Administors
Belfast Shipyard Harland & Wolff Receives Non-Binding Offers
Administrators of the Harland and Wolff shipyard, reports BBC News, say they have received a number of non-binding offers to buy the business as a going concern.
The yard, best known for building the Titanic, was placed into administration earlier this month.
Administrators, BDO, said there are other interested parties which may result in further offers.
BDO has agreed with the unions to extend the unpaid temporary lay-off of staff until 30 September.
For more on this latest development at the east Belfast yard, click here.
Belfast Shipyard: Bidders Express Interest in Buying Harland and Wolff, Administrators Confirm
Potential bidders, reports Belfast Telegraph, have expressed an interest in buying Harland and Wolff, administrators have confirmed.
Insolvency experts Brian Murphy and Michael Jennings from business advisory firm BDO are now running the business.
On Wednesday the majority of the 123 staff have been able to opt for temporary lay-offs, a move which maintains their employment contracts. However, some have already opted for redundancy.
A spokesperson for BDO said on Friday: "In light of insufficient funds to cover the current running costs of the business and in the absence of any other funds being available at this point, in conjunction with Unions, the administrators have agreed to facilitate an unpaid temporary lay-off until Friday 16th August.
The newspaper here has more on the story.
