SailNet Community - View Single Post - Boat companies closing
View Single Post
post #1 of Old 02-17-2009 Thread Starter
Omatako
Senior Member
 
Omatako's Avatar
 
Join Date: Sep 2003
Location: Auckland New Zealand
Posts: 2,601
Thanks: 1
Thanked 34 Times in 31 Posts
Rep Power: 13
 
Boat companies closing

It seems the world wide recession is now starting to bite the boating industry everywhere.

Cookson Yachts in Auckland has announced today that it will be paying off all of its staff when the vessel they are currently completing is done. They have no more orders in the pipeline. For those who don't know, Cookson are the guys who have historically built world class racing boats, including the AC boats for Team New Zealand.

And another iconic NZ power launch builder, Genesis, had announced imminent receivership.

Sounds bad.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

__________________

"Two possibilities exist: Either we are alone in the Universe or we are not. Both are equally terrifying."

Arthur C. Clarke
Omatako is offline  
Quote Share with Facebook
 
 
For the best viewing experience please update your browser to Google Chrome