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  1. #1
    Join Date
    Nov 2010
    Posts
    111

    Default What is going on with Sealine now?

    Looking through the trade press and IBI are reporting that Sealine have announced another 72 redundancies at Kidderminster - if the ones last year were not enough....

    Extremely bad news for those concerned and my sympathy to those who will be included in this tranche.


    Around 72 jobs are to go as UK yacht-builder cuts back in production and office-based staff

    UK boatbuilder Sealine International announced on Friday that it is restructuring its workforce following a detailed review of the company’s production requirements for 2012.

    Sealine says it will reduce its workforce in Kidderminster by around 72 employees, with cutbacks in production and office-based staffing levels.

    The news follows the appointment of Bill Griffiths as the group’s new managing director last month.

    “In order to keep our business strong and growing we need to keep our overheads in line with current demand and to take on board the impact that the global economic situation is having on the leisure marine market as a whole,” says Griffiths. “We have therefore taken the decision to cut our workforce in order to protect the long term prospects of the company.

    “Our range of high quality luxury motor boats, from 35ft-60ft, will continue to be produced using our skilled team based at our factory in Kidderminster. We will also be continuing with our new model development programme to meet the requirements from our customers moving forward.”

    The company says it is now entering a period of consultation with staff.

  2. #2
    Join Date
    Apr 2002
    Location
    Cornwall
    Posts
    8,048

    Default

    Quote Originally Posted by MY littlebirchwoo View Post
    Looking through the trade press and IBI are reporting that Sealine have announced another 72 redundancies at Kidderminster - if the ones last year were not enough....
    I suspect it's sorting out the Brunswick years, there has been a lot more staff than there used to be. But I await this years order coverage with interest.

    Brian
    Kddpowercentre VASR charge

  3. #3
    Join Date
    Jan 2009
    Location
    Stratford on Avon
    Posts
    11,008

    Default

    Sounds like they are balancing their forward order book with their capacity. Under the new owners (VC's), I am sure that Sealine will be extremely focussed on the bottom line, and shareholder value.

  4. #4
    Join Date
    May 2001
    Location
    Broken Brexit Britain
    Posts
    51,533

    Default

    Just adjusting to the new reality that many industries have had to face following the credit crunch. In retrospect, I believe we will look back at the years 2000-2008 and recognise them for being a one-off economic bubble fuelled by an unsustainable wave of credit. For many industries, there is no going back to the turnover levels of those years and therefore a period of painful retrenchment is inevitable for survival

  5. #5
    Join Date
    Jun 2003
    Location
    w.london - boat on solent- RIB on Tidal Thames
    Posts
    3,947

    Default

    Yes I agree too much cheap money lent to high risk peeps in the hope that property values would increase and always cover the debt.

  6. #6
    Join Date
    Jun 2003
    Location
    Gibraltar, Small Boats Marina
    Posts
    5,280

    Default

    Quote Originally Posted by mjf View Post
    Yes I agree too much cheap money lent to high risk peeps in the hope that property values would increase and always cover the debt.
    That is right...when we were all told "No more Boom or Bust". Sealine is doing what every company should be doing, re-evaluating labour and Capex requirements. It is still unfortunate for those skilled workpeople who will lose their jobs.

    Not pleasant but with the current Macro Economic Climate the Survival of Sealine through Lean times is key as they provide some great boats....which we do not want to see disappear.

    Paul
    Boating is the only thing that keeps me sane!

  7. #7
    Join Date
    Sep 2002
    Location
    South
    Posts
    16,305

    Default

    They do seem to be managing the workforce in hire'n'fire mode these days, but I guess that's what they have to do to survive.

    After they almost halved the workforce, there was some re-hiring. Now looks to be some shrinkage again.

  8. #8
    Join Date
    Dec 2004
    Location
    Sussex
    Posts
    1,567

    Default

    Can't help but wonder if orders have dropped since they dumped/were dumped by (delete as appropriate) Ancasta and reverted to one (??) Sealine owned showroom rather than be represented all over the place by Ancasta salesman eager to make a margin.....
    Adrian is searching for his next boat....

  9. #9
    Join Date
    Sep 2002
    Location
    South
    Posts
    16,305

    Default

    I don't think it helps when they keep alternating around Sales models (factory or dealer).

    It will take a while for the new S.Coast showroom to be firing on all cylinders to see how succesful it really is.

  10. #10
    Join Date
    May 2001
    Location
    South coast
    Posts
    3,257

    Default

    They seem to have gone full circle. Isn't one factory owned south coast dealer what they used to do?
    Ari

    ---------------------------------

    If a man speaks in a forest, and there is no woman to hear him, is he still wrong..?

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