U.K. builder announces job cuts

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U.K. builder Fairline plans to cut 40 jobs from its facility in Hythe. The Advertiser & Times reported that employees were told on Monday and have since had meetings with Fairline executives.

The company, which was purchased out of bankruptcy three years ago, has been on a growth spurt. Last October, it advertised for 100 new positions at its Hythe and Oundle production facilities for a series of new models it had introduced.

Fairline CEO David Tydeman said the company has reversed a decision to use the Hythe facility for “mixed-line production” of the Targa 65 and Squadron 68 because of the logistics of building in those facilities.

“During the past 18 months we have been building the Targa 65 in Oundle and the Squadron 68 in Hythe – a geographical separation which did not maximize the best team approach,” the news site reported. “During the past nine months we have reconsidered the build processes for the Squadron 68 so that we can now manufacture it in Oundle without encountering road haulage restrictions.”

Rebecca Clark, district councilor for Hythe West and Langdown, told the paper that she was “deeply concerned” about the job losses. “This news must be devastating for those who have received news of redundancy. It also has a knock-on effect for the local economy and supply chain,” she said.

Clark added that she was “heartened” that “Fairline’s commitment” to its new facility in Hythe is on track.

“By establishing the 65/68 production line in Oundle, we can accelerate our plans for the new Squadron 82 using Unit 1 in Hythe,” said Tydeman. “In the short term, this does mean we have reduced staff in Hythe. However, we are planning to develop a new specialized team for Hythe, specifically for building larger yachts. We anticipate production of the first Squadron 82 to begin towards the end of 2020.”