Yachtmaker Palmer Johnson closes U.K. operation

HAMPSHIRE, United Kingdom — Superyacht builder Palmer Johnson has closed its Hampshire, U.K., operation, according to a report from the local Daily Echo newspaper. The move will cost 110 jobs.

The paper also reports that the U.S. firm’s plans to build a world-class boatyard nearby in Southampton, creating 800 jobs, are now in doubt.

To read the full report, click here.

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