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

A case of crossed wires? A shocking situation! by Stuart Carruthers, RYA Cruising Manager,










Canal Boating in the Alsace with the Galley Guys by Greg Nicoll with John Armstrong,


World ARC fleet arrives in Darwin by World Cruising Club,






Where in the world are our strongest corals? by Hanny Rivera - Cohen's Lab,








Barnacle Busting by Neil and Ley Langford,


From Penguins to Polar Bears by Cherie Winner,




Polar research: Six priorities for Antarctic science by Mahlon C. Kennicutt II and colleagues,




NCI granted dedicated VHF Channel by National Coastwatch,


Positive news for cruising boats in Greece by The Cruising Association,




















Risks to penguin populations continues by British Antarctic Survey,




Follow these tips when anchoring by Alex and Daria Blackwell,


Galley Guys meet the Spice Lady by Greg Nicoll, Andy Adams and John Armstrong,


North American Rally to the Caribbean - Get prepared to head south
If all else fails read the instructions!!
ARC Baltic fleet cruising and anchoring in the Finnish archipelago
Phuket Yacht Show: new kid on the block taking on PIMEX? *Feature
Vanuatu Customs making life easier for visiting cruising yachts
Baltic 4 Nations rally is now in full swing
Tropical Storm Bertha expected to become a typhoon
Flags at Sea, an infographic by John Tissott
Cruising lessons from ocean racers
Procedures set out for waterborne visitors to Vanuatu
17-year-old RNLI volunteer saves child in first rescue mission + Video
Teen names latest RNLI Shannon class lifeboat in Poole + Video
Fascinating opportunity with OceansWatch
Fake GPS signals detected when cruising the high seas
Our new Cruising Editor editor remembers his first offshore adventure
Blue Planet Odyssey - Jimmy Cornell playing catch up on North West Pa
World ARC 2014 reaches Australia
Venezuelan Port Control lift recent port restrictions.
Seismic survey ship operating north of Aruba and Curacao
Predictwind helps you pick the best time to depart
Watch this whale lift a Kayak clear out of the water   
World ARC reaches half-way point in Australia   
Northern Scotland: Voyage to Orkney and Shetland Isles (Part 2) *Feature   
Drowning or electric shock? What you need to know to help save a life   
Costa Concordia - the $2.25 billion salvage operation ready to begin   
Northern Scotland: Voyage to Orkney and Shetland Isles, more photos *Feature   
Fort Lauderdale International Boat Show - New location and attractions   
Long Island waters could become more taxing this summer   
4.8 million Legos all at sea   
Tranquil, colourful and funky, Genoa Bay is a must stop for West Coast *Feature   
Scientist pioneered tracer to reveal hidden ocean flows   
Sail-World 2.0 - the Beta version- Please take a look   
Dredging activity near corals can increase frequency of diseases   
World ARC heading out of the Pacific   
Understanding the Ocean's role in Greenland Glacier melt   
Desolation Sound added to Salish Sea Pilot free cruising guides   
Three Defensive Docking Strategies for Sailors   
Revealing report on Search for American yacht Nina released *Feature   
PredictWind's Weather Routing opens your navigation options - try it!   
Sail-World Cruising Founding Editor Nancy Knudsen says farewell   


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 NEW Cru USA
LocalAds   DE  ES  FR  IT