Boat company announces 85 jobs at risk

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A TOTAL of 85 jobs at luxury yacht manufacturer Fairline are at risk, the firm has announced.

A statement was released on Wednesday by the company which has its head office in Oundle and a manufacturing plant in Corby.

The firm refused to say which site the proposed job losses would come from.

The statement said: “Following the acquisition by Better Capital last July, Fairline’s trading performance has continued to improve and the business has met its monthly financial targets during this period. Whilst sales are expected to increase significantly in 2012, this improvement falls short of the original forecast.

“Therefore, to protect its profitability and capability to invest in this competitive market, Fairline announces the commencement of a month-long period of consultation which may lead to 85 job losses, of which 65 are direct and 20 indirect.

“This regrettable action will ensure that the business is sized appropriately to deliver the expected sales volumes into 2013 and beyond.”

Despite the news Fairline will be launching two new boats at the PSP Southampton Boat Show 2012 and a new 45 foot boat early in 2013, the statement added.