Limestone Boat Company Announces Cost-Cutting Layoffs

Limestone Boat Company (TSE:BOAT) has released an update.

The Limestone Boat Company has announced layoffs and a temporary halt in operations at its New Brunswick facility as part of cost-saving efforts, affecting 27 employees. While pursuing additional funding to improve liquidity, the company expresses optimism about resuming production and reaffirms its commitment to stakeholder interests and long-term presence in the region.

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