Redundancies at Fairline Boats: 60 jobs at risk

In a statement today Fairline confirmed that a further 60 jobs are likely to go at the British boatbuilder, although it would not say whether the Oundle or Corby factories would be affected

Fairline Boats has confirmed that it is considering cutting 60 jobs, despite investing £2.8m in its production facility earlier this year and reporting a return to profit after three years of consecutive losses.

In a statement, Alistair Schofield, CEO of Fairline Boats, 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 past 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.”

Schofield said that the company will now focus on its planned launches of the Targa 48 Open, the Squadron 48 and the Targa 48 Gran Turismo.

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