The iconic Belfast shipyard Harland and Wolff, which built the Titanic, is going into administration on Monday.
"There has been a series of board meetings the result of which is that administrators will be appointed over the course of the day," said a spokesman for the shipbuilder.
Democratic Unionist Party lawmaker Gavin Robinson earlier told BBC Radio Ulster that a short-term solution "seems increasingly unlikely" and that "we've pulled all the political levers that we can."
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