Bye Bye P.J.
Anyone who has been around boats for any length of time knows the name Palmer Johnson. That company has produced many noteworthy yachts, including the Sailing Yacht Tenacious that won (via handicap) the famous, but ill fated, Fastnet Race in 1979.
Boat builder Palmer Johnson Yachts of Sturgeon Bay is closing its 96-year-old shipyard, resulting in the loss of more than 100 jobs.
In a plant closing notice filed Wednesday with the Wisconsin Department of Workforce Development, the company said sales had fallen and offshore competition had escalated.
"We are disappointed and saddened by this business closing, and yet realize that there is no alternative," the company said.
The shutdown will take place in phases starting about Oct. 31.
"We estimate complete closure of all facilities in the fourth quarter of this year, and obviously no (employee) bumping rights will be in effect," the company said.
Palmer Johnson to move manufacturing to the Netherlands
There appears to be some truth to Donald Trump's point!
/fl