Nichols Brothers lays off workers, files for bankruptcy protection

摘要

Nichols Brothers Boat Builders Inc., which operates a shipyard on Whidbey Island, Wash., filed for protection from creditors in November and laid off most of its 180 workers. President Bryan Nichols said the company had debts of $43.9 million and assets of $3.41 million.rnRevenues for the boat builder have been plummeting. In 2007 revenues were $6.86 million compared withrnanother suit over the late delivery and quality problems alleged by Expo-ships, of Bonita Springs, Fla. Nichols built a 228-foot vessel designed to house a fine art exposition that would move from port to port along the East Coast.