MK/SB/St. Joesph Foundation
Current Weather
0.3°C Cloudy W 10 km/h
Full Forecast
Tbnewswatch Local News
Friday October 31 2014
1:45 PM EDT
Skyscraper-newswatch (except CFNO)
Sign/Pizza Pizza
Signature/Redhead & Chef
Sign. Minute Muffler
Skyscraper Ad
2014-07-04 at 17:10

Shipyard files for bankruptcy protection

AD
ENERGY 103 104Play Minute to Win it at 7:20 weekdays mornings with Kaile Jaggard and WIN! on your station for 80’s 90’s and Now…Energy 103 104 Click Here!
By tbnewswatch.com

THUNDER BAY -- TBT News has learned that the Thunder Bay Shipyard, which was operating under the name of Lakehead Marine Industria, has filed for bankruptcy protection. 

Company officials were unable to comment on the situation.

Officials with Ernst and Young, which is handling the bankruptcy proceeding, could not be reached for comment. 

But the facility has struggled for several years. While it was still handling some marine repair contracts, much of its attention in recent years was directed at trying to generate outside business for its machine shop. 

The workforce at the shipyard, which once numbered in the hundreds, had dropped to just 80 employees.

(TBT News)

Tbnewswatch.com(4)

Banner/Vector Construction

Comments

We've improved our comment system.
tiredofit says:
This is truly sad to see, while they only currently employee 80 as the story states, it's 80 good paying jobs that may be lost now. Thus probably forcing them to head west for the real paying jobs.
7/4/2014 7:34:56 PM
Papercut says:
Sad, a long history comes to an end.
7/7/2014 3:04:38 PM
BuddGarrett says:
What's another 80 jobs. Wynne will look after everyone. Few more bike lanes and a couple wind mills and life will be just perfect until the bills come in.
7/8/2014 1:18:53 PM
Arch Stanton says:
I never knew we still had a shipyard.....
7/9/2014 11:31:37 AM
Comments for this story are semi-moderated. Read our comment guideline.

Add a new comment.
You must log in to add comments.
Create a new account
Log In
 
 
BB/Copperfin Credit Union
Wayne Toyota

Events