Boating Industry Intelligence You Can Profit From
BASS RIVER, N.J. — Viking Yacht Co. could lay off up to 219 workers if the results of this fall’s boat show season fail to boost the company’s sales, according to a recent news article on APP.com.
An executive of the company informed the State Department of Labor and Workforce Development of the impending cutbacks in a recent filing. According to a report in the Press of Atlantic City, 175 workers have been indefinitely furloughed.
Viking Yacht plans to "substantially reduce or temporarily cease our production due to an anticipated loss of business if our company, a yacht manufacturing business, does not receive sufficiently positive results from the Fall Boat Show season," Andrew Davala, vice president of the company, wrote in a letter to state Labor Commissioner Harold J. Wirths.
Davala wrote that the layoffs would occur from August to January, following production scheduling based on a reduction of sales, the filing states.
According to the article, Viking eliminated 560 jobs last year, and cuts in 2008 trimmed 17 percent of its work force.
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