Sealine - This is not good!
- Thread starter madabouttheboat
- Start date
D
Deleted User YDKXO
Guest
That is bad news indeed and demonstrates what a load of bollox was spouted in the SIBS hype about how fantastic the market still was
Sadly, I think this is just the start across a lot of industries
Sadly, I think this is just the start across a lot of industries
Sneds
Well-Known Member
Very bad, good luck to all those affected
No Regrets
Well-Known Member
Yep, this is the tip of a rather nasty iceberg, I fear.
Brace yourselves! /forums/images/graemlins/frown.gif
Brace yourselves! /forums/images/graemlins/frown.gif
[2068]
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I'm a bit puzzled that announcement.
I thought the Burntwood site was "Fibratrim", that have close links with Sealine in that they do the seating/canopies etc. but aren't actually part of Sealine.
Either way, cutting back on half the workforce is bad news, but not as bad news if Brunswick corp were to collapse entirely.
dv.
I thought the Burntwood site was "Fibratrim", that have close links with Sealine in that they do the seating/canopies etc. but aren't actually part of Sealine.
Either way, cutting back on half the workforce is bad news, but not as bad news if Brunswick corp were to collapse entirely.
dv.
Ballistix
Well-Known Member
Nasty, frightening and as you say, just the start...
T
T
halcyon
Well-Known Member
Worse when they are a customer.
Brian
Brian
admillington
Well-Known Member
[23929]
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Yep, not good but the world is changing shape very quickly at the moment. I'm a invested in a business with a very innovative product ( non boaty) yet we are now facing a hibernation period despite huge interest. Its become more important to us be alive and in a position to trade when things settle down than try to grow now. Good luck to Sealine.
photodog
Lord High Commander of Upper Broughton and Gunthor
Well the media etal have talked us all into a recession... Sealine cutting back to prepare for the downturn.....
Not the first company that is laying off/cutting back to "Prepare".....
Sort of a self fullfilling prophecy...
Not the first company that is laying off/cutting back to "Prepare".....
Sort of a self fullfilling prophecy...
oldgit
Well-Known Member
At least they are reacting quickly and not hoping it will all go away.
DavidJ
Well-Known Member
[ QUOTE ]
Worse when they are a customer.
Brian
[/ QUOTE ]
I've only just made the connection....You are the really helpful guy when I had my utility battery ammeter go on my Sealine last year. I do hope that you are not overly effected by the boating downturn.
Worse when they are a customer.
Brian
[/ QUOTE ]
I've only just made the connection....You are the really helpful guy when I had my utility battery ammeter go on my Sealine last year. I do hope that you are not overly effected by the boating downturn.
[23929]
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[ QUOTE ]
Well the media etal have talked us all into a recession
[/ QUOTE ]
With respect, if all we're facing is a bit of media chatter, then I'm the Pope.
Well the media etal have talked us all into a recession
[/ QUOTE ]
With respect, if all we're facing is a bit of media chatter, then I'm the Pope.
ari
Well-Known Member
Yup, got to love all the "it's just a bit of media spin".
Hell of a spin, it's toppling banks!! /forums/images/graemlins/blush.gif
Hell of a spin, it's toppling banks!! /forums/images/graemlins/blush.gif
PowerYachtBlog
Well-Known Member
while I am very sorry for those affected
as an end user to the boating product, this can be good IMO
we have seen the last two decades of excessive growth in the industry, so a bit of reality check and downsize in the next year went hurt anybody
what have we seen as a user to this hobby...
excessive berthing fees, workmanship fees etc etc
the above I think have been tripled in the last couple of years, not to forget fuel price, which have also double in the last 5 years
so for an industry which was growing to better then China levels at 10%, a bit of slow down want hurt anybody
the easy credit for everyone days especially in USA and UK is over, but most of this is happening because banks in the last decades where not doing there job i.e banks
so far Sea Ray, Sealine, Fairline, Cabo, Hatteras, Maritimo, Riviera have all announced staff reducing, I think more to come as customers are watching and waiting how this will develop, but on the other hand if one wants to buy a boat being it used or new, I dont think there is not much of a better year then 2008...
this downsizing have not all to be seen bad news, as it is useless producing your usual 200 boats when it looks you will be building 150 and for the next year
as an end user to the boating product, this can be good IMO
we have seen the last two decades of excessive growth in the industry, so a bit of reality check and downsize in the next year went hurt anybody
what have we seen as a user to this hobby...
excessive berthing fees, workmanship fees etc etc
the above I think have been tripled in the last couple of years, not to forget fuel price, which have also double in the last 5 years
so for an industry which was growing to better then China levels at 10%, a bit of slow down want hurt anybody
the easy credit for everyone days especially in USA and UK is over, but most of this is happening because banks in the last decades where not doing there job i.e banks
so far Sea Ray, Sealine, Fairline, Cabo, Hatteras, Maritimo, Riviera have all announced staff reducing, I think more to come as customers are watching and waiting how this will develop, but on the other hand if one wants to buy a boat being it used or new, I dont think there is not much of a better year then 2008...
this downsizing have not all to be seen bad news, as it is useless producing your usual 200 boats when it looks you will be building 150 and for the next year
marine
Well-Known Member
Won'T hurt anyone!!
If your talking aBout the upshot of all this fallout being we have a fitter, leaner and more appreciative marine industry towards it's customer base, the I guess these development may indeed be worthy news. (however unlikely)
In reality the excessive growth through vertical markets and appalling management of both Government and industry bosses, is only going to be a painfull process for those individuals emlpoyed by these incompetant organisations.
Perhaps it won't hurt the Bosses and Ministers in the short term, but you can be sure a huge amount of individuals leading a modest lifestyle are going to be in for a very difficult time when the notices arrive on the doorstep!
A little humility would help.
If your talking aBout the upshot of all this fallout being we have a fitter, leaner and more appreciative marine industry towards it's customer base, the I guess these development may indeed be worthy news. (however unlikely)
In reality the excessive growth through vertical markets and appalling management of both Government and industry bosses, is only going to be a painfull process for those individuals emlpoyed by these incompetant organisations.
Perhaps it won't hurt the Bosses and Ministers in the short term, but you can be sure a huge amount of individuals leading a modest lifestyle are going to be in for a very difficult time when the notices arrive on the doorstep!
A little humility would help.
DIW
Well-Known Member
[ QUOTE ]
as an end user to the boating product, this can be good IMO
Good ? ? Try telling the poor guys at Kidderminster and Cannock that loosing their jobs is for the greater good. /forums/images/graemlins/mad.gif
as an end user to the boating product, this can be good IMO
Good ? ? Try telling the poor guys at Kidderminster and Cannock that loosing their jobs is for the greater good. /forums/images/graemlins/mad.gif
Refueler
Well-Known Member
[ QUOTE ]
That is bad news indeed and demonstrates what a load of bollox was spouted in the SIBS hype about how fantastic the market still was
Sadly, I think this is just the start across a lot of industries
[/ QUOTE ]
Banking Crisis is hitting so many fields now that credit for any company, individual is hard to find. I could well believe that companies such as Sealine etc. work on having good bank relations and credit lines - without it would be difficult to produce. Take away part of that credit and BHAM - yer in the poo.
It's happening in my industry where oil traders work on Letters of Credit - the rates and commissions are now so high that traders are having difficulty. That hit's the movement of refined oil products ...
If anyone thinks the worst is over ... I think they are wrong ...
That is bad news indeed and demonstrates what a load of bollox was spouted in the SIBS hype about how fantastic the market still was
Sadly, I think this is just the start across a lot of industries
[/ QUOTE ]
Banking Crisis is hitting so many fields now that credit for any company, individual is hard to find. I could well believe that companies such as Sealine etc. work on having good bank relations and credit lines - without it would be difficult to produce. Take away part of that credit and BHAM - yer in the poo.
It's happening in my industry where oil traders work on Letters of Credit - the rates and commissions are now so high that traders are having difficulty. That hit's the movement of refined oil products ...
If anyone thinks the worst is over ... I think they are wrong ...
Lakesailor
Well-Known Member
Spot on Nige.
I am not an expert by any means, but am a very accomplished human-watcher and can see the trend here. There are very, very many who are wishing the impending problems away.
This is on the opposite side of the spectrum to the global warming debate. Here we have actual cause and effects generating before our eyes, and people are gainsaying it.
If ever the phrase "it'll get a lot worse before it gets better" was applicable, it's now.
I am not an expert by any means, but am a very accomplished human-watcher and can see the trend here. There are very, very many who are wishing the impending problems away.
This is on the opposite side of the spectrum to the global warming debate. Here we have actual cause and effects generating before our eyes, and people are gainsaying it.
If ever the phrase "it'll get a lot worse before it gets better" was applicable, it's now.
gimmesunshine
Well-Known Member
3 times in 2 days ive had companies phone me up offering amazing unsecured loans
i am not interested but feels to me like they cant give it way.
bad news for sealine but can be result of being in brunswick corp. hope they continue to develop fresh new stuff like sc's
i am not interested but feels to me like they cant give it way.
bad news for sealine but can be result of being in brunswick corp. hope they continue to develop fresh new stuff like sc's
