Counsel R.B. Capital

After Isaacson Structural Steel was sold off in a bankruptcy auction last month it wasn’t certain what would happen to the employees. But NHPR’s Chris Jensen reports it’s clear now and the news is not good.

In a blow to the North Country more workers at Isaacson Structural Steel in Berlin are being laid off.

About 80 have already lost their jobs with another 40 still on the job finishing up a project, says Diana Nelson with New Hampshire Employment Security.

“There will be a handful of employees at Isaacson’s through mid-April.”

There were three bidders hoping to buy Isaacson Structural Steel with a $100,000 difference determining the winning bid, according to a report filed Thursday in federal district court in Concord.

The top bid was $2.4 million by Counsel RB Capital, Myron Bowling Auctioneers and Hilco Industrial.

Chris Jensen for NHPR

At an auction today/Wednesday in Manchester an Ohio company made the highest bid for the bankrupt Isaacson Steel. NHPR’s Chris Jensen reports.

Last year Isaacson filed for bankruptcy leaving the future of about 150 North-Country workers in doubt.

Earlier this year a Whitefield firm bought a small portion of the business, an action expected to save about 20 jobs. But the larger portion was auctioned off.

William Gannon. represents Isaacson.