Viking Yachts says layoffs phase is finished

Posted on

Viking Yachts officials say they believe they are done with layoffs and can soon start bringing people back to work.

Since last year, the New Gretna, N.J., builder has laid off about 550 people, bringing its workforce down to about 800, spokesman Peter Frederiksen told Soundings Trade Only this morning.

“We’re confident that we’re done with layoffs and we’ve got our production at a manageable level,” Frederiksen said.

Layoffs were done in “dribs and drabs,” he said. As boats were finished, a certain number of people would be let go. Workers will be brought back into the company in the same way, as the work allows for it, he said.

“You don’t want to bring back more people than there is work for them to do,” Frederiksen said.

Last week, the company delivered its first 82-footer – a demo boat from the Miami show. Viking also has sold a new 46-footer, which premiered in Miami. It will be delivered in June.

“There are things happening,” Frederiksen said. “There are people out there that want to buy.”

- Beth Rosenberg
b.rosenberg@tradeonlytoday.com
Follow Beth on Twitter.

Welcome to TradeOnlyToday’s premium content! To continue reading, please register now, for access to 10 free stories per month. Or subscribe, for unlimited access to all TradeOnlyToday content!

Click here to Register ... it's free!

Basic subscription: Registered members get free access to 10 premium content stories each month!

Not a member yet? Click here to Register!

Already a member? Click here to Login!

Subscribe ... for unlimited access!

Individual subscription: $29 for unlimited site access for one year.

Small Business subscription: $140 for unlimited site access for up to 10 members of a company for one year.

Corporate subscription: $300 for unlimited site access for all members of a company for one year.

You may close this dialog after seconds.

Comments

One comment on “Viking Yachts says layoffs phase is finished

Leave a Reply

Your email address will not be published. Required fields are marked *

Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments Policy.

Vote Today

Will you be attending IBEX and the Fort Lauderdale International Boat Show?

View Results

Loading ... Loading ...

Search Boats for Sale

Length
Year
Price

Login to Trade Only Today

Lost Password