Major Bay Area institution dating back over a century suddenly closes, lays off all staff |
FILE - The SS Solon Turman approaches Drydock 3 at the Mare Island Dry Dock on Thursday, Feb. 3, 2011.
The Bay Area’s Mare Island Dry Dock, stationed in the oldest shipyard facility on the West Coast, is suddenly closing and laying off more than 80 of its full-time union and non-union staff, the city of Vallejo said in a press release. Officials were alerted to the news on Dec. 30, learning the facility lost a critical U.S. Coast Guard contract “that had an immediate and material impact on the company’s financial stability” and “continuing operations was no longer viable.”
CBS first reported a Portland-based company had outbid the facility by $1 million to service the Coast Guard’s largest vessel, the Icebreaker Healy, which is now slated to head to........