News Home Video Gallery Newsletters Photo Gallery Cruising Int

 

Sail-World.com : UK boat builders feel the stress

UK boat builders feel the stress

'The award-winning Princess V45.'    Princess Yachts    Click Here to view large photo

In the UK, coinciding with a report in The Daily Mail that stated the Lloyds Banking Group is to sell off stakes in more than 60 businesses, including Sunseeker, Princess Yachts announced it would lay off 300 workers.

The announcement came 22 May and is around 150 less than was anticipated by Princess back in March. The company said it had been able to retain staff via a series of measures including reducing work with sub-contractors and pressing ahead with developing larger vessels.

'We've been able to mitigate a lot of the job losses,' MD Chris Gates told the Plymouth Herald. 'It's a blow, but not as bad as it could have been, that's for sure.'

The company, which quotes its largest boat as the 95MY, says it will be building bigger boats and is putting more people into development of that larger range. The day before announcing the redundancies, Princess Yachts opened an office in Grosvenor Street in London’s Mayfair to expand its new sales, brokerage and charter network.

More at www.princess.co.uk




by Media Services

  

Click on the FB Like link to post this story to your FB wall

http://www.sail-world.com/index.cfm?nid=57378

10:38 AM Mon 1 Jun 2009 GMT






Click here for printer friendly version
Click here to send us feedback or comments about this story.

Click for further information on
Yachting News

Related News Stories:

05 Jan 2013  The yacht club with no water.
11 Jun 2012  Yacht Club of Monaco-'New clubhouse new horizons,' says Prince Albert
11 Apr 2012  Yacht Club celebrates fifty years
25 Jan 2012  European Yachts of the Year: Beneteau, Oyster, Pogo and Esse
28 Jun 2011  What, actually, is a superyacht? Australia ponders
04 Jun 2009  OBE for Sailing Team Manager Stephen Park
03 Jun 2009  Leaders of world’s premier yacht clubs 'in the same boat'
30 May 2009  Sailing Clubs named as Olympic Pre-Games Training Camp venues
29 May 2009  Queen and Duke of Edinburgh to visit WPNSA
15 May 2009  Ellen MacArthur and Scarlet Oyster sail into London
MORE STORIES ...

Cruising USA









The real ‘Supermoon’ story by Sail-world.com,




Sailor rescued after Facebook call for rescue by RNLI/Sail-World Cruising,












The Galley Guys' favourite shrimp recipe by Andy Adams and John Armstrong,












The final touch - which wax should I use on my boat? by Martin Flory/Sail-World Cruising,


ARC Baltic sets sail to discover Europe's 'east sea' by World Cruising Club/Sail-World,








Heart-stopping moment as whale capsizes Zodiac by Sail-World Cruising round-up,


If we stop killing parrotfish we can bring back Caribbean coral reefs by ARC Centre of Excellence for Coral Reef Studies,


Climate change could stop fish finding their friends by ARC Centre of Excellence for Coral Reef Studies,














A Beer Bummel on the Thames River by Greg Nicoll with John Armstrong,


Online weather routing - possible? Predict Wind says yes
Why Boats Sink: Ten best tips on prevention
The North West Passage calls: Who will answer this year?
Polish adventure sailor in second try at North West Passage
Whale research - new techniques expand for non-lethal methods
Jessica Watson, solo sailing star, four years on...
Americas solo non-stop circumnavigator crosses Pacific for research
What is an El Niño and how will it affect my sailing? (Part 1)
The Dinghy Nav Light Solution- a brilliantly dumb idea
Spike in water temperatures evidence of ‘irreversible’ El Nino *Feature
Sailing crew's battle to save yacht lost in the Indian Ocean
Five Top Tips for selecting the best boatyard
Tips for selecting the best boatyard
Predictwind unlocks more features on free accounts
Composite Rigging launches new campaign for ECsix
When is a Captain not a Captain?
Free app for managing your yacht
Amazing MOB survival - 13 hours floating, rescued by fishermen
Boater hit by lightning survives: 'It was the worst pain ever'
Inauguration of the new Yacht Club Monaco - Images by Carlo Borlenghi
Lessons for sailing clubs - how does YOURS rate?   
Turkey's new cruising black/gray water rules, skipper qualifications   
Giving up the luxuries of a life on land for Lizzy Belle   
Dehler 46, 'serious' cruising boat, debuts July   
SV Mystic to carry out OHPRI teen summer camps and voyages for adults   
Australian rescuers get bravery medal for rescuing Russian sailor   
Sailors and windfarms: Largest ever UK wind project approved   
Cooking at Sea? Which cook book should I buy?   
Fraudulent yacht broker gets jail for twelve months   
Jimmy Buffett's Margaritaville joins Summer Sailstice   
Retired yachting star to sail again - for the love of her boat   
The quest to save coral - one man's plan   
Paint Guide: Carry it with you on your smart phone   
The mouse is roaring. Newport mooring owners don't want docks   
Being a guest on someone's boat - 8 Tips to get you invited again   
Bounty sinking Coast Guard final report: rot, decay, low standards   
Carbon monoxide poisoning on boats - it keeps happening   
Own a romantic Skipjack for just $10,000   
Classics Rally in Falmouth - historic and spectacular this weekend   
New Polar Code for cruising in the high latitudes   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News







Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
XLXL WAS Cru USA
LocalAds   DE  ES  FR  IT