East Belfast Progressive Unionist assembly member David Ervine said it was time to stop being sentimental about the shipyard and let it close if it was not a viable operation.

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The Nuclear Decommissioning Authority and Magnox, which owns the site, said continued operation was not economically viable.

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It said the operation in Porth, which recycles computer equipment, was not commercially viable and did not have any realistic prospect of being sold as a going concern.

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"We now have the funds to continue the normal operation of our businesses and develop a restructuring plan that will result in a viable, successful LTV, " LTV Chief Executive William H.

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