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Plymouth yacht builder Princess Yachts to cut 260 jobs, employees told

A consultation would begin with about 500 employees who are potentially affected, it said.

The main areas affected would include feeder factories, development, fitout, outside crew, quality and other operational support, the letter said.

Mr Green concluded the letter by saying: “We need to continue to make the business stronger and more agile and these regrettable actions, together with the good work that is happening throughout the business, will underpin a more sustainable future.”

Princess Yachts has been contacted for further comment.


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