February 27, 2009

Luxury boat builder Tiara Yachts lays off 300 due to slow sales

Luxury boat builder Tiara Yachts (based in Holland, MI) will lay off 300 of its 400 employees for at least a month.

“It’s the economy that is largely to blame,” said Dave Walsh, director of marketing. “We need 30 days to allow sales activity to catch up with production. We hope that it will.”

The temporary layoffs follow a series of permanent cuts last year, when 300 jobs were eliminated. This round is different, Walsh said. “Based on the slowdown in business, we hope to call all of them back,” he said.


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