Press Release
Unite to fight threatened job losses at profitable yacht building firm
2 May 2012
Unite, the largest union in the country, is to query why profitable luxury boat builders, Fairline Boats in Northamptonshire is threatening to make 85 employees redundant.
Talks are due to be held tomorrow (Thursday, 3 May) between Unite and the management over the intention to shed the jobs at the Corby and Oundle sites. The firm was taken over last July by venture capitalists, Better Capital.
Unite points out that already about 2,000 jobs in the Corby area have been lost in the last six months, including 400 from the Argos distribution centre,
Unite's regional officer, Adrian Jones said today (Wednesday, 2 May) said: “The statement from Fairline is not one from a company making a loss, but is talking about protecting its profitability and increasing sales this year”.
“We want to know why highly skilled employees face losing their jobs when the company is boasting about its new model range at the Southampton Boat Show.
“This looks like venture capitalists wanting to squeeze the workers so they can make even more profits. This is irresponsible capitalism, especially in area that has been hit so hard in recent months with job losses.
“We will be raising these issues when we meet with the company tomorrow and Unite will be fighting to retain all the jobs under threat at this self-confessed profitable company.”
There is now a month-long consultation period over the proposed redundancies.
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