Good News/Bad News
Good: A North Carolina boat builder will add 120 jobs over the next three years by investing $2.65 million to expand its operations. Low labor rates and good transportation infrastructure are reasons cited by the company for their ability to expand building operations. While it’s not a sailboat builder, we’ll take good news about the boat business anywhere we can get it right now.
Bad: Hallberg-Rassy, Sweden’s leading sailboat producer has announced that it may have to lay off 98 employees — 91 in production and another seven on the administration side. The company currently employs 242 workers and is not seeing the kind of business that it did even last year.