Join Date: Dec 2008
Location: Barrington, RI
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Sign of the economy Goetz Yachts in recievership
Effective Tuesday, Jan. 6, Eric Goetz Custom Sailboats
, Inc. was petitioned into receivership and all of its 75 workers were laid off.
Eric Goetz told the East Bay Newspapers that the inability to obtain refinancing along with termination of a contract by an international customer precipitated the situation.
a statement was issued, saying “The company is hopeful that this project will be restarted, however, in order to preserve its assets and to protect its workforce, the company laid off workers on 12/31/08 after having met its payroll and health insurance obligations,”
You can read the full story atEastBayRI.com
I hope that this works out. There are a lot of related businesses in the area that benefit from Goetz projects.
sailing a P28-1 Heart of Gold on Narragansett Bay
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