EMCC European Monitoring Centre on Change

MJM Marine

Company/Organisation:
MJM Marine

Geographic Location

Country: United Kingdom
Region: West and South of Northern Ireland; Northern Ireland
Location of affected unit(s): Newry

Company

Sector: Manufacturing
Manufacture of transport equipment
30.11 - Building of ships and floating structures
Number Employed: 272

Employment Effects

Announcement Date: 17-03-2020
Planned Job Reductions min: 250
Planned Job Reductions max: 250
Type of Restructuring: Internal restructuring
Employment Effect Start: 14-04-2020

Additional Information

MJM Marine, the British company based in Newry (Northern Ireland) and specialising in outfitting and refurbishing cruise liners, has announced a wide restructuring plan including about 250 job cuts in the next months.

The need to enter into a restructuring plan occurred after all but one of the company's orders was postponed indefinitely due to the Covid-19 pandemic. A representative of the MJM Marine said that the cruise sector has been severely affected by the outbreak, and the company had decided not to enter into the UK government scheme designed to support companies during the crisis, because the effect on the cruise ship sector is expected to be long-term.

In order to keep redundancies to the lowest level and to mitigate its effects upon workers, the company and employees' representatives started consultations, currently underway.

MJM Marine was founded in 1983 and it is one of the largest employers in the local economy.

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