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Shut ’em Down

The
Biz’

Shut
’em Down

We’ve been bringing you stories for months about the decline of the
boating industry’s business climate, mostly the power and small recreational
end of things. (Christ knows the super yacht business shows no sign
of abating!)

Sadly, here’s a bit more bad news:

Brunswick Corp. will permanently shut its Arlington yacht factory
by year’s end, idling most of the facility’s 790 employees, the recreational
equipment company said today.

The Arlington plant, along with one in Roseburg, Ore., will close
for good by year-end, and a plant in Navassa, N.C., will be mothballed.
A fourth plant, in Pipestone, Minn., will permanently close early next
year, Brunswick said in a statement

About 1,450 hourly and salaried positions at those plants will
be eliminated as Brunswick battens down the hatches to survive what
CEO Dustan McCoy called "the most turbulent economic times in recent
history."

So you have wonder where the next level of fall out will be. Brokers?
Dealers? Small retail shops? Sailamkers? We shudder to think…