Nordic Tugs in trouble

It's never good news when a well respected boat builder has to resort to moves of this type:

According to a press release received today:

NORDIC TUGS ANNOUNCES TEMPORARY PLANT CLOSURE

Burlington, Washington (August 25, 2010) –Nordic Tugs announced today it will temporarily close its Burlington manufacturing plant on August 31.  This step has been forced by the ongoing effects of the Great Recession, and the reluctance of customers to order new boats.  While most employees will be furloughed, a skeleton staff will remain to field customer inquiries and maintain the plant in readiness to resume production when business dictates.