Fairline Boats today (Monday, June 24) announced 60 staff at its sites in Corby and Oundle could lose their jobs.
The chief executive of the company, Alistair Schofield, said the proposal to make cuts follows recent changes which have been implemented at the firm.
He said: “Following the successful investment of £2.8m in our Corby production facility and the transition from eight integrated lines to three mixed model lines, the business has now completed an assessment of its ongoing headcount requirements.
“As a result of the changes that have been implemented, we regret to announce that up to 60 staff may be at risk of redundancy across the business.
“Over the last 18 months we have made good progress with the business and are very pleased to have returned the company to profit in 2012. We are committed to the long-term future of the brand and our priority moving forward is to build upon the business stability that was achieved last year.
“Looking ahead, we have the eagerly-anticipated launch of the Targa 48 Open next month and have a strong order book for this model. We are also looking forward to the subsequent launches of the Squadron 48 and Targa 48 Gran Turismo at forthcoming boat shows.”
According to the union Unite, the company is proposing to axe 50 production jobs and make 10 employees in other departments redundant.
Chris Dilley, regional officer with Unite, said: “It is very disappointing to hear that our Unite members at Fairline Boats are under threat of losing their jobs yet again.”
The union said the announcement comes on the back of the company recently announcing profits of £3.7m for 2012 due to increased sales, improved productivity and a reduced cost base.
Unite members working at Fairline recently rejected by 99 per cent an offer from the company to reduce earnings by up to £2,380 for production staff.
Mr Dilley said: “Following the recent profit and increased sales announcement by Fairline Boats we fail to understand the reasons behind these redundancies and proposed pay cuts.
“The workers have supported the company through the previous loss-making years by giving up pay increases, holidays and pension contributions to protect their jobs.
“Now, when the company makes a return to profit, it intends to reward the support of its workers by making redundancies and trying to negotiate pay cuts. This is clearly unacceptable and we believe this is clearly a case of the owners just wanting to maximise profits. Unite the Union has a proud tradition of fighting for workers rights and we will endeavour to protect our members against any job losses and pay cuts at Fairline Boats.”