Nordic Tugs Yachts Shuts Down

The yachting industry is one of many that have been hit hard by the recession. Recently, the yacht manufacturer Nordic Tugs Yachts has shut down temporarily. Like many other yacht manufacturers that were doing well before The Great Recession, Nordic Tugs has seen a steep decrease in sales since and has been forced to take action. The company is still keeping a skeleton crew so that the plant is ready if business starts to pick up.

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