Join Date: Sep 2003
Location: Auckland New Zealand
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.
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