Nordic Tugs shuts down production
By IBI Magazine
Nordic Tugs said it closed down its production facilities temporarily at the beginning of this month. It said it furloughed most of its employees but has kept a skeleton staff to field customer enquiries. "This step has been forced by the ongoing effects of the Great Recession, and the reluctance of customers to order new boats," read a statement. The facility in Burlington, Washington, builds expedition yachts from 26ft-54ft. The builder said production would resume "when business dictates". Save up to 30% on IPC Media's entire marine portfolio
(8 September 2010)
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