The company is presenting an early test of Labour's industrial policy, with 1,500 workers fearful it is running out of time to secure funding needed to make it ready to build three warships for the Royal Navy.
Harland & Wolff (H&W) was forced to suspend its London-listed shares a fortnight ago, and it has missed two deadlines to file audited accounts, raising questions over its finances and its ability to fulfil a £1.6bn contract to build the three fleet solid support (FSS) ships that would carry supplies such as ammunition and food to the navy's aircraft carriers.
The Conservative government had provisionally agreed a deal to 100% underwrite a £200m loan by a consortium of lenders to H&W to allow it to refinance its debts. The company yesterday said it had reduced its request for the guarantee to 80%, and that it has presented legal opinions showing a guarantee would not violate state aid rules.
هذه القصة مأخوذة من طبعة July 17, 2024 من The Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 17, 2024 من The Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
George says Jones regime successful but 'challenging'
The England captain, Jamie George, has admitted that Eddie Jones's regime could be \"challenging\" and empathises with Danny Care after his explosive claims about the Australian's setup, insisting that a toxic environment is not a necessary price to pay for success.
'He respects I'm in charge': Carsley has not spoken with Tuchel about England squad
Lee Carsley has revealed he is yet to speak to Thomas Tuchel about the England squad he will hand over to him in the new year.
Osimhen makes Spurs pay as Lankshear scores and sees red
When everyone had gathered breath, the only surprise was that Tottenham had run Galatasaray so close.
Diallo steps into Rashford's shoes to end United's wait for victory
Hold on to your hat: Manchester United are victorious in Europe after three consecutive Europa League draws and three more without winning in last term's Champions League.
Arsenal will take time to replace Edu
Arsenal plan to take their time over appointing Edu's successor as sporting director, with his deputy, Jason Ayto, set to step until the recruitment process has been completed.
'I had the same feeling as Harry: do Spurs really want to win?'
In exclusive extracts from his autobiography, the goalkeeper tells of the dismay he and others felt at how well the club took losing the 2019 Champions League final
Félix leads Chelsea's finishing masterclass
When the idea for the Europa Conference League first came to UEFA, it is unlikely that anybody in Nyon envisaged that one day a club of Chelsea's means would be pumping six unanswered first-half goals past an Armenian outfit who were only founded seven years ago.
Coventry end Robins' long reign
Coventry have made the surprise decision to sack Mark Robins, with the Championship club's board unhappy over \"the performance of the team over an extended period\", despite describing the 54-year-old as one of the Sky Blues' \"greatest ever managers\".
Trescothick wants 50-over change after latest defeat
Marcus Trescothick has said the current domestic structure is \"not helping\" England's new generation of white-ball cricketers.
Drivers warn FIA: start treating us like adults
Formula One drivers have demanded the FIA stops treating them like children in a damning indictment of the governing body's policies and its president, Mohammed Ben Sulayem.
