H&W Announces Restructuring Plans, Cuts 600 Jobs

Thursday, September 21, 2000
Following the positive award from the Arbitration Panel in relation to monies owed by Global Marine in respect of the delivery instalment for the Glomar Jack Ryan drillship, the board and management of Harland and Wolff have been considering how best to progress the restructuring of the group in such a manner as to afford the maximum opportunity to establish a profitable, viable and sustainable shipbuilding business at Harland and Wolff and also to further progress the development of Titanic Quarter. As a result, Harland and Wolff Holdings plc will proceed with a restructuring of operations which seeks to meet these objectives based on current workload. An immediate down-sizing to a core workforce of approximately 600 employees will occur, necessitating a redundancy of some 600 personnel. It has been confirmed that assistance will be forthcoming, through the Department of Higher and Further Education, Training and Employment for Northern Ireland to facilitate payment of employees statutory redundancy entitlement. It is anticipated that the redundancy process will be concluded by 5th October.
Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

W&O, LESER Partner to Deliver Safety Relief Valves

W&O, a global supplier to the marine and upstream oil and gas markets for pipe, valves and fittings, valve automation and engineered solutions, has partnered with

Fednav Celebrates Anniversary Trio in Cleveland

Fednav Limited held a reception on board one of its vessels, the Federal Mayumi, at the Port of Cleveland yesterday to celebrate a trio of anniversaries: the 70th

Karl Senner Inks Distribution Deal with Electronic Power Design

Karl Senner, LLC (KS) has reached a new strategic representation agreement with Electronic Power Design (EPD). Karl Senner, LLC now represents EPD in the United States marine and offshore Markets.

Shipbuilding

MacGregor Deck Equipment for Intership's Eco-bulkers

MacGregor, part of Cargotec, has secured a deck equipment contract from New Times Shipyard in China for Intership Navigation Co Ltd.'s three new 36,500 dwt laker-class bulk carriers.

Seacor Takes Delivery of 10,800 HP Crewboat

Seacor Marine is building ever larger and more powerful mono-hull crew/supply boats. The first of these to be delivered is the 202x34-foot Alex F. McCall with some very impressive statistics.

Choosing the Best Financing Proposal

It isn’t always about the rate. In a robust boatbuilding market – like the one we see now – even the most successful, financially stable operators need to borrow.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Port Authority Salvage Ship Electronics Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1572 sec (6 req/sec)