Months Bombardier: Irish Company and Wolff Shipyard

months bombardier: Wrightbus is not the only famous Northern Irish company to struggle in recent months Bombardier is looking to sell Belfast's historic Short Brothers aerospace operations, while the city's Harland and Wolff shipyard which built the Titanic fell into administration last month, according to The Guardian. Business executives in Northern Ireland are waiting to see if the struggles of three key manufacturers are an unhappy coincidence in a sector of the local economy that has otherwise performed strongly, or if they signal the start of a broader downturn in the region one that could be exacerbated by a chaotic Brexit. Those hopes proved short-lived the bus maker announced 1,200 redundancies last week when no new buyer could be found to avert a cash crunch. Manufacturers had been hit by labour shortages in part because of lower EU immigration, while foreign investors were choosing to spend elsewhere, said Tina McKenzie, the chief executive of recruitment firm Grafton and the chair of the Northern Ireland arm of the Federation of Small Businesses, the largest lobby group in the country. The private sector has got to pick up the mantle, and it was picking up the mantle, but unfortunately, the three years of stagnation we've got, we're slowly going backwards, McKenzie said. That has stalled the economy's move away from a heavy dependence on civil service employment. (news.financializer.com). As reported in the news.