G3 Boats, of Lebanon Mo., planned this week to lay off about one-fifth of its work force because of the poor market for aluminum boats.
In all, 53 workers are affected, the Lebanon Daily Record reported.
G3 Boats is a Yamaha-owned boat company and manufactures more than 100 models of aluminum fishing boats and pontoons.
A call for comment this morning was not immediately returned.
Company says it does not have funds to pay creditors.
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The site is designed to enhance support for the company’s trade customers.
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