The Triton

News

Fitzroy to lay off staff

ADVERTISEMENT

 

New Zealand-based Fitzroy Yachts announced in mid-January that it plans to lay off much of its workforce after it completes its latest yacht, a 37.5m Dubois-designed sloop. “Like a large number of our fellow yacht builders, we have felt the effects of the 2008 global financial crisis and its impact on the new build order book,” the company said in a statement. “Following the imminent completion of our current build, the 37.5m Dubois performance sloop FY17, a substantial reduction of employees, albeit extremely regrettable, will not be avoidable.”


 

The award-winning builder of aluminum-hulled sailing yachts up to 50m said it is negotiating with the owner of that yacht for “a goodwill contribution to support the employees in the form of an incentive linked to a successful and timely completion of his yacht.”


 

About 120 people are expected to lose their jobs.


 

“All of the jobs could go; there’s no more work for them here,” Managing Director Rodney Martin told The New Zealand Herald. “We are talking about highly skilled people so I’m optimistic they will find new employment.”


 

He told The Herald the company plans to keep a small design and technology team in case things change.


Share This Post

Leave a comment

Your email address will not be published. Required fields are marked *

Please answer the question below to leave a comment. * Time limit is exhausted. Please reload CAPTCHA.

Editor’s Picks

Triton Expo is Oct. 12

Mid-October is time for The Triton’s biggest event of the year, our fall Triton Expo. This year, we’ve gathered about 50 businesses to …

Women just do their jobs in yachting; rooming, agencies and hiring could improve

Women just do their jobs in yachting; rooming, agencies and hiring could improve

When we decided to gather a group of women for a Triton From the Bridge lunch, it sounded like a great idea, but as soon as we all sat …

Doors, power, access surprise firefighters and crew in yacht training

Doors, power, access surprise firefighters and crew in yacht training

As part of the fire team on M/Y Archimedes, Bosun Max Haynes knows how to fight fire onboard the 222-foot (68m) Feadship. But he was …

Crew Unlimited and ICT in Ft. Lauderdale join with Bluewater in Europe

Crew Unlimited and ICT in Ft. Lauderdale join with Bluewater in Europe

Crew, employees, industry expect opportunities as European and U.S. companies partner to expand yacht crew training, …

Events