Titanic shipbuilder Harland & Wolff is said to be on the verge of falling into Spanish hands under a £70million government bailout.
The company, which fell into administration in September, will be bought by Spain’s Navantia, according to Sky News.
Tomorrow I will receive a notification, which will include a job guarantee. Harland & Wolff is best known for building the Titanic in Belfast and also operates the famous Appledore shipyard in Devon, as well as two sites in Scotland.
But the 163-year-old firm fell into disrepair after struggling to keep up with the competition.
H&W declined to comment. Navantia was contacted for comment.
Rescue: Harland & Wolff, which collapsed into administration in September, will be bought by Spain’s Navantia, according to Sky News
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