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.
K.C. Stock, who was 84, was known for his “commitment to the employees at Cruisers Yachts.”
The parcel, which is opposite the company’s Stuart yard, has berths for up to nine boats and will increase service capabilities.
Unit production was down compared with the second quarter, and revenues decreased 33%.
Siren Marine’s “Connected Boat” technology can be purchased and installed at more than 2,100 Yamaha outboard dealers.
Northpoint Commercial Finance has partnered with Elite Recreational Finance to offer retail financing.
The Sea-Doo manufacturer had total revenue of $2.7 billion, but North American marine retail sales were down 47%.
Certified Installer and SmartBoat system classes are being held this month in New Jersey and next year in New Hampshire.
Surveying customers to find out what they think about your business has never been more important.
Mick Webber, the former president/CEO and owner of HydroHoist, has purchased the company from its founders.
