The Harland and Wolff shipyard, which is best known for making the Titanic, is set to fall into administration today putting 130 jobs at risk.
The shipbuilder built the Titanic in its Belfast yard between 1909 and 1911. At its height, Harland and Wolff employed more than 30,000 people.
GMB union Northern Ireland official Michael Mulholland told Radio Four’s Today programme that he expected administration “by close of business this afternoon”.
“We understand there are a possible number of interested parties waiting for administration to kick in,” he said.
“Some of the interested parties have not been upfront and clear about their intentions.”
Founded in 1861, the shipyard is most famous for building the Titanic between 1909 and 1911. During World War II it produced hundreds of war ships, merchant vessels and tanks.