The growth of German boat manufacturer Bavaria Yachts is apparently slower than expected. On Monday afternoon, a regional TV broadcasting website reported that around 5% of the workforce will have to leave. A company spokesman told float magazine that 24 employees have been laid off.
After the restart with financial investor CMP Capital Management Partners last autumn, which followed the surprise insolvency of the shipyard in April 2018, Bavaria entered the 2019 season with optimism. New boat models have been announced for the coming 2020 year.
“We are right in the middle of repositioning Bavaria,” explains managing director Michael Müller, who has also recently taken over production management. “We are changing and improving the company in many areas, among other things to achieve more flexible production.” Read on.
