Harland & Wolff Group Holdings PLC Further Update on Harland & Wolff (Methil) Limited (3460P)
18 June 2022 - 12:41AM
UK Regulatory
TIDMHARL
RNS Number : 3460P
Harland & Wolff Group Holdings PLC
17 June 2022
17 June 2022
Harland & Wolff Group Holdings plc
("Harland & Wolff" or the "Company")
Further Update on Harland & Wolff (Methil) Limited
Harland & Wolff Group Holdings plc (AIM: HARL), the UK
quoted company focused on strategic infrastructure projects and
physical asset lifecycle management, provides an update on labour
relations at Harland & Wolff (Methil) Limited (Methil).
Further to the Company's update announced this morning, the
Company is pleased to confirm that the strike action has been
called off at Harland & Wolff (Methil) Limited. The Company has
had extensive conversations with the trade union representatives
and an agreement has been reached to provide in-principle trade
union recognition by the end of next week followed by formal trade
union recognition once the necessary legal and administrative
processes have been completed.
Fabrication on the Saipem project continues as planned.
For further information, please visit www.harland-wolff.com or
contact:
Harland & Wolff Group Holdings plc +44 (0)20 3900 2122
John Wood, Chief Executive Officer investor@harland-wolff.com
Seena Shah, Head of Marketing & Communications media@harland-wolff.com
Cenkos Securities plc (Nominated Adviser
& Broker)
Stephen Keys / Callum Davidson / Dan Hodkinson
(Corporate Finance)
Michael Johnson (Sales) +44 (0)20 7397 8900
----------------------------
About Harland & Wolff
Harland & Wolff is a multisite fabrication company,
operating in the maritime and offshore industry through five
markets: commercial, cruise and ferry, defence, energy and
renewables and six services: technical services, fabrication and
construction, decommissioning, repair and maintenance, in-service
support and conversion.
Its Belfast yard is one of Europe's largest heavy engineering
facilities, with deep water access, two of Europe's largest
drydocks, ample quayside and vast fabrication halls. As a result of
the acquisition of Harland & Wolff (Appledore) in August 2020,
the company has been able to capitalise on opportunities at both
ends of the ship-repair and shipbuilding markets where there will
be significant demand.
In February 2021, the company acquired the assets of two
Scottish-based yards along the east and west coasts. Now known as
Harland & Wolff (Methil) and Harland & Wolff (Arnish),
these facilities will focus on fabrication work within the
renewables, energy and defence sectors.
In addition to Harland & Wolff, it owns the Islandmagee gas
storage project, which is expected to provide 25% of the UK's
natural gas storage capacity and to benefit the Northern Irish
economy as a whole when completed.
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