Skip to main content

Tiara Yachts announces layoffs in Michigan

Tiara Yachts, a division of S2 Yachts, announced this week that it will lay off 110 employees from its Holland, Mich. plant, the Grand Rapids (Mich.) Press reports.

Company officials say a declining boat market is to blame.

The company employs about 780 workers at the Holland facility.

"Because of the quality of our product, we were able to stave off" some of the losses other boat manufacturers had experienced as a result of the downturn in the economy, Tiara marketing director David Walsh told the newspaper.

Until the past year, Tiara had been expanding its operations, highlighted by a project launched in the fall of 2005 in which the company invested $14 million in a 300,000-square-foot expansion, with the promise of adding nearly 600 new jobs.

S2 Yachts, Tiara's parent firm, has been in business in Holland since 1974. In addition to its Holland location, it also operates plants in Fort Pierce, Fla., and Swansboro, N.C.

Tiara Yachts’ products include open, sovran, coronet and convertible models with inboard power from 29 to 58 feet. S2 Yachts also produces Pursuit Boats from 22 to 38 feet in inboard, outboard and stern drive configurations.

The company could not be reached for comment.

Related

CRUISERS

Industry Mourns Cruisers Yachts Owner

K.C. Stock, who was 84, was known for his “commitment to the employees at Cruisers Yachts.”

GRANDBANKS

Grand Banks Purchases Florida Property

The parcel, which is opposite the company’s Stuart yard, has berths for up to nine boats and will increase service capabilities.

LIMESTONE-Q3

Limestone Boat Co. Posts Q3 Results

Unit production was down compared with the second quarter, and revenues decreased 33%.

SIREN-YAMAHA

Yamaha Dealers Now Carry Siren Systems

Siren Marine’s “Connected Boat” technology can be purchased and installed at more than 2,100 Yamaha outboard dealers.

Northpoint

Northpoint Expands Marine Presence

Northpoint Commercial Finance has partnered with Elite Recreational Finance to offer retail financing.

BRP

BRP Reports 71% Increase in Q3 Revenues

The Sea-Doo manufacturer had total revenue of $2.7 billion, but North American marine retail sales were down 47%.

Airmar

Airmar Announces Training Dates

Certified Installer and SmartBoat system classes are being held this month in New Jersey and next year in New Hampshire.

Norm

The Survey Says …

Surveying customers to find out what they think about your business has never been more important.

1_MDI

Marine Development Inc. Changes Hands

Mick Webber, the former president/CEO and owner of HydroHoist, has purchased the company from its founders.