Titanic shipbuilder to collapse into administration as union blasts ‘chaos’
A MAJOR shipbuilder behind the Titanic is set to collapse into administration - putting jobs at risk.
Harland & Wolff confirmed it is insolvent and is working to appoint administrators.
The company revealed that jobs would be lost but failed to specify the exact number.
The GMB union has urged the government to intervene and protect the four shipbuilding yards.
It argued that the shipbuilder's services are crucial for Britain’s "future sovereign capabilities" in the renewable and shipbuilding sectors.
"Workers, their families and whole communities now face their lives being thrown into chaos due to chronic failures in industrial strategy and corporate mismanagement," the union added.
"The government must now act to ensure no private company is allowed to cherry pick what parts are retained, in terms of which yards or contracts they wish to save."