Skip to main content

Northwest boatyard plans layoffs

The Port of Everett in Washington state is facing layoffs because of a continuing drop in space rentals at the marina and a loss in rent from businesses that were cleared from an area planned for redevelopment.

The port, which has about 100 employees, will cut the equivalent of about eight staff positions next year and give its 25 exempt employees six extra days off without pay.

"It's tough," John Mohr, the port's executive director, told The Herald newspaper. "We've been able to avoid furloughs and layoffs for the last two years by keeping the pressure on."

Mohr said the marina, once always full, is running at about 83 percent capacity as people sell their boats, move to a marina closer to their home or take their vessel home or into dry dock for storage.

A number of businesses in the north marina moved out in recent years because of a planned $400 million redevelopment that is now on hold. That has cost the port about $800,000 a year in rent.

Click here for the full article.

Related

TPG Adds to Marine Portfolio

The hospitality and marina management firm acquired Conanicut Marina and Taylor Point Boat Yard in Jamestown, R.I.

Trade Only Today Returns Jan. 18

The daily e-newsletter will not publish Monday, Jan. 17, in observation of Martin Luther King Jr. Day. We wish everyone a happy and safe holiday weekend.

ECONOMY REPORT: Omnipresent Omicron

The year closed with an uptick in consumer confidence, but the latest coronavirus variant threatens to derail progress

Mixed Reactions

Though generally positive about market conditions, many dealers report they won’t be attending boat shows.

Sportsman Boats Hires CFO

Greg House was previously chief financial officer with Sea Star Solutions and Dometic.

NMMA Reports Strong Boat Sales in 2021

Annual new powerboat sales are expected to exceed 300,000 units for the second consecutive year.

Lowrance Releases Software Update

The software release enables a new sonar feature and autopilot compatibility for Ghost trolling motors and Ghost-compatible MFDs.

Keeping the Sales Team Motivated and Sharp

Here are some strategies from the “Undisputed King of Motivation,” Zig Ziglar, for sales success before, during and after the transaction.