03 May 2007
Page 1
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Newspaper
Baejarins Besta
Location
Ísafjörður, Vestfirðir, Iceland
Date
May 03, 2007
Page
1
Bakkavik hf. in Bolungarvik says it will lay off 48 of its 601 employees as the firm maneuvers to meet contract obligations and address a sharp drop in raw material for processing. The sale of four shares in Rekavik could fund debts but hurt raw material access, with only a few smidjur remaining in the country and some in Norway.
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