Quick Hits: June 9, 2020

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UK-based Fairline Yachts will cut 240 jobs at its Oundle factory, according to the Northamptonshire Telegraph. Fairline Yachts COO Peter McNulty blamed the layoffs on the impact of the coronavirus, and said government’s “lengthy quarantine” rules created hurdles for customers coming to see new boats from other countries. The company already has 302 of its current 455-person workforce on furlough; the job cuts go into effect late July, when the furlough ends.

Siren Marine has made two key leadership promotions to help shape its future growth. Jeffrey Poole, who has been with the company since 2018 as business development director, has been named COO; Paul Fournier, who has managed Siren’s finance and accounting for about a year, will serve as CFO. “They both have helped get us to where we are today, and for this we are grateful,” said Siren Marine founder and CEO Daniel Harper in a statement. “Even more importantly, they are the right people to help us achieve the big plans we have for the future.” 

The Yacht Brokers Association of America is holding a Virtual YBAA University event on July 14-15. The group shifted 2020’s format from a daylong, in-person event, to holding 90-minute sessions two days in a row. Renowned sailor Gary Jobson will be keynote speaker on both days. Click here to learn more.


Teak Isle

From pontoon boat folding tables and drawer units to fishing boat heavy duty cooler slides and console doors, Teak Isle offers new custom design solutions to help you sell more boats.

A Double Shot for Small Business

New Jersey’s MTA saves the sales tax cap on boats, and the PREPARE Act would create low-interest, fixed-rate loans to help small businesses protect their properties against natural disasters.