White River Marine Group announces layoffs for about 10% of its workforce
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LCR STAFF
White River Marine Group has reduced its manufacturing workforce, including its Lebanon boat plant, by about 10%, the company said Thursday.
In an email to the Record, Bass Pro Communications said the layoffs were due to the current economic environment.
“As you probably are aware, the current economic environment is very challenging for many sectors of the economy including automotive, powersports and agriculture. Inflationary pressures coupled with a dramatic increase in interest rates are contributing to a downturn in the economy, creating stiff headwinds in the recreational boating industry. With slowing consumer demand, we must lower production and regretfully must make the difficult decision to reduce our workforce,” an email from Bass Pro said.
For more on this story, see Saturday's LCR.