Bay Shipbuilding to lay off 405 employees
Bay Shipbuilding Co. plans to lay off 405 employees, with additional job cuts possible due to current business conditions.
The layoffs are expected to begin by Oct. 30, according to a mass layoff notice filed Aug. 25 with the Wisconsin Department of Workforce Development.
Sturgeon Bay-based Bay Shipbuilding is a manufacturer of marine vessels, dredges, and dredging support equipment, along with bulk cargo self-unloading systems. The company is a subsidiary of Fincantieri Marine Group LLC of Marinette.
The company previously announced a small number of temporary layoffs at the Sturgeon Bay facility that were expected to be less than six months in duration. However, recent business conditions have necessitated an extension of the earlier layoffs, as well as additional furloughs, according to the company.
“The company is continuing to try to mitigate these layoffs by aggressively seeking new business,” the notice states.
If business conditions improve, layoffs to the extent indicated in the filing may not be necessary, company management said.
The layoffs are expected to begin by Oct. 30, according to a mass layoff notice filed Aug. 25 with the Wisconsin Department of Workforce Development.
Sturgeon Bay-based Bay Shipbuilding is a manufacturer of marine vessels, dredges, and dredging support equipment, along with bulk cargo self-unloading systems. The company is a subsidiary of Fincantieri Marine Group LLC of Marinette.
The company previously announced a small number of temporary layoffs at the Sturgeon Bay facility that were expected to be less than six months in duration. However, recent business conditions have necessitated an extension of the earlier layoffs, as well as additional furloughs, according to the company.
“The company is continuing to try to mitigate these layoffs by aggressively seeking new business,” the notice states.
If business conditions improve, layoffs to the extent indicated in the filing may not be necessary, company management said.