Steel Company On Life Support

This piece by Bob Sanders of the New Hampshire Business Review lays bare the financial struggles of Berlin’s Isaacson Structural Steel.  Apparently, the company has debts to the tune of $12.6 million, more than double its assets.

NHPR

Isaacson Structural Steel is one of the North Country's major employers.

Lawsuits, leins and accusations are flying.  But more importantly to people in the North Country–and New Hampshire as a whole–Sanders writes,

“The Berlin area’s unemployment rate was 8.8 percent in May, compared to the statewide rate of 4.8. If all of Isaacson’s workers were added to the rolls, that rate would shoot up to about 10.5 percent.”

According to Sanders, Isaacson employs 160 people.