For those who follow the round the world sailing teams, they will probably know about the Clipper race. The current version of this world sailing event, Clipper 2015-16 includes teams that have departed from Northern Ireland, the port of Derry-Londonderry to get onto the first leg of the journey to Den Helder in Netherlands.
All boats are yet to fight it out for the battle to finish at the final stage.
There are 24 points that are available for the teams. The race to the Netherlands is a crucial one and could be pivotal in the final results. The current leading boat is LMAX Exchange from Derry-Londonderry-Doire which is placed second till now. There are eleven points between Garmin and an entry from Northern Ireland which is a team from the Charter in Scotland team. Continue reading Clipper 2015 – 16 Race
Yacht-builder Fairline Boats have warned of job losses as they fight to keep the whole company afloat. The firm, which has bases at Oundle and Corby, told that it already has started a consultation period with staffs about possible redundancies as it looks to stem financial losses.
The business, which is almost about fifty-two-year-old, has also declared that they are looking for a deal from its creditors for a Company Voluntary Arrangement to serve it repay burdensome debt. This news comes only two weeks following company declared it was laying off 109 of its 465 staff temporarily for 4 weeks.
That action comes a day after the company had been purchased by Wessex Bristol Investments from the Better Capital. The company has issued a statement that read: “Since last month’s acquisition of Fairline Boats Limited, Britain’s leading luxury yacht manufacturer, new owners Wessex Bristol Investments have taken significant steps in moving the company back towards profitability.”
It added that they have already made a recent announcement regarding a workforce restructure that has involved the business entering into a collective consultation period with staff. This would enable Fairline to right-size its performances to better show the marketplace environment, thereby allowing the business to operate in an efficient manner.
The company regretted the fact that this process is expected to result in a significant number of redundancies. They have entered into this process keeping the key stakeholders, namely the creditors and employees in mind in an attempt to safeguard as many British jobs possible.