Harland & Wolff Shipyard Saved by Spanish State-Owned Firm Navantia Deal
Harland & Wolff, the iconic Belfast shipyard, has been revived through a deal with Spain’s state-owned shipbuilder Navantia. The agreement, secured after Harland & Wolff’s parent company entered administration, will preserve approximately 1,000 jobs across its UK facilities. UK Business Secretary Jonathan Reynolds heralded the deal as beneficial for jobs and national security, highlighting a minor revision to a Royal Navy contract as part of the negotiation. This merger marks a significant development in the UK’s post-Brexit industrial landscape.