More bad news...
Mastercraft has annouced it is laying off an additional 110 workers, this follows 56 workers which were laid off last month.
Mastercraft reports it's daily production has dropped from an average of 20 boats per day in the 2008 model year, to approximately 5 per day at present.
John Dorton President & CEO of Mastercraft is attributing the sales decline in part, on the inablility of dealers to secure wholesale credit for their inventory.
Link to Knoxnews article below.
http://www.knoxnews.com/news/2009/feb/28/110-laid-off-at-vonore-company/
-Chris
Mastercraft has annouced it is laying off an additional 110 workers, this follows 56 workers which were laid off last month.
Mastercraft reports it's daily production has dropped from an average of 20 boats per day in the 2008 model year, to approximately 5 per day at present.
John Dorton President & CEO of Mastercraft is attributing the sales decline in part, on the inablility of dealers to secure wholesale credit for their inventory.
Link to Knoxnews article below.
http://www.knoxnews.com/news/2009/feb/28/110-laid-off-at-vonore-company/
-Chris