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Oceangate Submersible Company Faces Economic And Safety Challenges

This undated image provided by OceanGate Expeditions in June 2021 shows the company's Titan submersible. (OceanGate Expeditions via AP, File)

Former employees of the company that built and operated the Titan submersible have testified before a US Coast Guard panel investigating the vessel's deadly implosion last year. The employees revealed that OceanGate asked them to defer their pay as the company faced economic difficulties.

Amber Bay, the former director of administration at OceanGate, stated that employees were requested to delay their paychecks at the beginning of 2023. This request, made by the late OceanGate CEO Stockton Rush, aimed to help the company manage its financial constraints. Bay mentioned that she and Rush agreed to postpone their paychecks, with the promise of receiving a small amount of interest and recapturing the deferred wages at a later date.

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