SAINT HILAIRE DE RIEZ, France — The Bénéteau Group has a plan to adapt to the 50 percent drop in business the boat builder has experienced in the last year, and that plan includes layoffs, according to a statement Thursday from Bruno Cathelinais, chairman of the Bénéteau Group Management Board.
"With everyone mobilized, we believe that it will be possible to save 1,000 jobs out of an estimated overstaffing representing nearly 1,600 positions," Cathelinais said in the statement.
The company says it will take steps to safeguard its competitiveness and ensure its long-term viability, and Cathelinais noted that he believes Bénéteau's fundamentals remain healthy. However, given the state of the worldwide economy, layoffs are required.
"Faced with this challenge, we do not have any other choice than to consider adapting our workforce in line with the developments on the market," Cathelinais said in the statement.
Beneteau employs about 6,000 people worldwide in 20 plants, including one U.S. factory in Marion, S.C.
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