PJ Hurting

From IBI News: Palmer Johnson has cut its Sturgeon Bay, Wisconsin workforce, citing postponed yacht orders. The company said in a statement sent to local news sources on Friday that it had reduced its workforce but did not specify how many people were being laid off.

Seven yachts had been ordered for 2009, according to a story in the Green Bay Press Gazette, but two orders were delayed to 2010. The newspaper reported that no orders had been canceled, and according to the statement, Palmer Johnson expects to start recalling workers in the spring or summer of 2009.

Palmer Johnson is Door County, Wisconsin’s third-largest employer. The statement noted that it has 375 employees and 126 subcontractors working in Sturgeon Bay.

The statement did not specify whether the stalled orders would impact Palmer Johnson’s plans to develop the previously announced Southampton manufacturing facility in the UK.