The iconic Belfast company that built the Titanic is likely to collapse into administration.
Harland & Wolff has announced it is insolvent and will appoint administrators.
An administration order will likely be made this week, it added.
Jobs are likely to be lost, the company said, but it did not detail how many.
“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 GMB union said.
It called on the government to intervene and protect the four shipbuilding yards as it said all are needed “for our future sovereign capabilities” in sectors like renewables and shipbuilding.
“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.”
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