Internal restructuring
United Kingdom
Northern Ireland; West and South of Northern Ireland;
Location of affected unit(s)
Manufacture For Transport Equipment
Manufacture Of Other Transport Equipment
30.11 - Building of ships and floating structures

250 jobs
Number of planned job losses
Job loss
Announcement Date
17 March 2020
Employment effect (start)
14 April 2020
Foreseen end date


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.



Eurofound (2020), MJM Marine, Internal restructuring in United Kingdom, factsheet number 100189, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100189.