Sea Ray recalls workers in Tennessee

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About 150 employees have been called back to work at Sea Ray plants in Tennessee this month.

Brunswick spokesman Dan Kubera said that since Jan. 1, between 90 and 95 workers have been recalled at Sea Ray operations in Forks of the River Industrial Park in East Knox County, and 50 to 55 have been called back at the Sea Ray plant in Vonore, the Knoxville News Sentinel reports.

No further call-backs are immediately planned. Whether more workers are brought back will depend on how the market develops in 2010, Kubera told the newspaper.

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Comments

One comment on “Sea Ray recalls workers in Tennessee

  1. justa b dealer

    This is a very good sign that something is happening. In order to sustain a recovery the manufacturers must unrestrict both wholesale floorplan financing and retail financing. Both of these entities are very much restricted. It is next to impossible to get a person with good to very good credit approved and closed in a reasonable amount of time (2 weeks). There always seems to be a glitch that either slows down the process, changes the terms of the loan negatively or causes the whole process to end. Inventory floorplanning along with the up front 2% of invoice prepayed interest or (2 points) on the dealer net that is added to the invoice amount means that we are borrowing too much and our effective rate of interest is way higher than the typical “rate” they are charging. Include the stiff future curtailments and I predict dealer demand for inventory will drop drastically as these payments come due. Let me summerize: Costs have gone way up, sales volume has dropped way down and the dealer has been burdened with more of the risk in terms of financing requirements. This does not seem to look well for the future of our industry. Maybe Obama is right things are much better out there we have more discressionary income, lower taxes and business is getting ready to boom.  Yea right. 

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