Luxury yacht maker to axe 290 jobs

A company which manufactures luxury motor boats and yachts is set to shed more than 290 jobs due to the global economic downturn.

Sealine, which has its headquarters in Kidderminster, Worcestershire, also confirmed that it plans to close its sites in nearby Hartlebury and in Burntwood, south Staffordshire, next year.

The firm, which currently employs around 630 people, stressed that it was entering into a 90-day consultation process with staff and would do everything it could to minimise the number of compulsory redundancies among its office and production workers.

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