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.
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