Fairline announces new round of job cuts

Some 275 more jobs to go from the builder's Oundle and Corby sites

Fairline today announced a new round of job cuts, which will take to 365 the number of redundancies at the Northamptonshire builder since the financial crisis began.

The 275 jobs will be cut in March 2009 from the builder’s Oundle and Corby production and administrative sites, and follow the 90 redundancies announced in September.

The move will see staff numbers fall to 1000.

The company blamed the ongoing global financial and economic conditions, which “continue to affect demand for luxury products across many industries”.

Derek Carter, Fairline’s MD, said: “Whilst the timing of the announcement of these redundancies is deeply regrettable, we have commenced discussions with union representatives to identify the redundant positions that will take effect in March. We will do all we can to minimise the anxiety of affected employees.

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“The downturn in the market will pass and, as previously stated, we anticipate that towards the end of 2009, increased levels of activity are likely to materialise as the market begins to recover and as we bring new models in development to market.”