A North Bay company in operation for decades has been deemed bankrupt by the court, and its approximately 50 employees have been let go with severance and pension packages in doubt.
Central Welding & Iron Works was founded by Malcolm (Mac) Yetman and was purchased by partners Glenn Graham and Stefan Thomsen in 1980. Graham later sold his share, and the Thomsen family continued to operate Central Welding, located at 1811 Seymour St. in the east end of North Bay.
The company billed itself as a world-class bridge fabricator and experienced much business success over the decades. Thomsen died in 2021, and the company holdings remained under family control.
