Spanish Company Navantia Buys Troubled UK Shipbuilder Harland and Wolff

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SHIPBUILDING,UK ECONOMY,NAVANTIA

Harland and Wolff, the Belfast-based shipbuilder famous for constructing the Titanic, has been acquired by Spanish state-owned business Navantia. The deal secures 1,000 jobs across the UK and ensures the continuation of a major contract to build solid support ships for the Royal Navy.

A deal has been struck to save troubled shipbuilder Harland and Wolff with Spanish state-owned business Navantia stepping in to buy it.

Harland and Wolff, which famously built the Titanic, is a subcontractor in part of a consortium that landed a major contract to build new fleet solid support ships for the Royal Navy. Navantia UK is the main contractor on that contract.Read more: Belfast City Hall LGBTQ stained glass window plan to go ahead eight years after proposal

Business and Trade Secretary Jonathan Reynolds said: “This deal is a major vote of confidence in the UK from Navantia, which will not only secure the future of UK shipbuilding but protect 1,000 jobs across the country and bring future investment into shipbuilding right across the UK.View gallery “National security is the foundation of our Plan for Change – without it we can’t deliver on our milestones to raise living standards across the UK – with good skilled productive jobs.

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