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Vallejo’s Mare Island Dry Dock files for bankruptcy as it seeks to avoid closure
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Vallejo’s Mare Island Dry Dock files for bankruptcy as it seeks to avoid closure
VALLEJO – The Mare Island Dry Dock has taken steps to restructure its debt as it works to retain employees and continue operations in anticipation of a possible sale or merger. The company filed for Chapter 11 bankruptcy on Saturday and will seek court approval of a plan to reorganize its debt so the company can pay its creditors, according to a statement from the company. In late December, the company announced it would lay off employees and p…
·Solano County, United States
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