Baja Boats Kaput?
 

Brunswick Corp. (BC) signed a letter of intent to sell certain assets of
its Baja Marine business to Fountain Powerboat Industries Inc. (FPB).
Financial terms weren't disclosed.
The Lake Forest, Ill., recreation products maker will end production of
Baja boats in Bucyrus, Ohio, by the end of May, consistent with the end
of the 2008 model year.
The company said closing of the Baja plant will result in the
elimination of about 285 jobs.
As a result, Brunswick estimates pretax asset write-downs, along with
severance and other costs, to total between $10 million to $15 million.

Baja Boats Kaput?
 

"HK" wrote in message
. ..

Brunswick Corp. (BC) signed a letter of intent to sell certain assets of
its Baja Marine business to Fountain Powerboat Industries Inc. (FPB).
Financial terms weren't disclosed.
The Lake Forest, Ill., recreation products maker will end production of
Baja boats in Bucyrus, Ohio, by the end of May, consistent with the end of
the 2008 model year.
The company said closing of the Baja plant will result in the elimination
of about 285 jobs.
As a result, Brunswick estimates pretax asset write-downs, along with
severance and other costs, to total between $10 million to $15 million.


Your post prompted a question in my mind as to the number of US boat
manufacturers.
This link has a list of many .... both past and present .... but does not
include all.

http://www.iboats.com/b/

I didn't count them all, but I estimated close to 3,000 listed just at this
source.

I wonder how that compares to the automotive industry and the number of
different car manufacturers.

Eisboch

Baja Boats Kaput?
 

On Apr 8, 2:46*pm, HK wrote:
Brunswick Corp. (BC) signed a letter of intent to sell certain assets of
its Baja Marine business to Fountain Powerboat Industries Inc. (FPB).
Financial terms weren't disclosed.
The Lake Forest, Ill., recreation products maker will end production of
Baja boats in Bucyrus, Ohio, by the end of May, consistent with the end
of the 2008 model year.
The company said closing of the Baja plant will result in the
elimination of about 285 jobs.
As a result, Brunswick estimates pretax asset write-downs, along with
severance and other costs, to total between $10 million to $15 million.

maybe not totally out harry, it';s possible that Brunswick feels they
have enough and thought that sales were down far enough to not justify
having Baja around. Fountain might pump them up into something
different than what they were.

Look at Marquis. They used to make runabouts and cuddies, now they
don't make anything small.

285 jobs eliminated? If Reggie F. decides to open up a new maket for
Baja, it will add back into the workfors at least a percentage.

I don't really know, but Baja being bought out might not be a bad
deal.

Baja Boats Kaput?
 

On Apr 8, 3:37*pm, "Eisboch" wrote:
"HK" wrote in message

. ..

Brunswick Corp. (BC) signed a letter of intent to sell certain assets of
its Baja Marine business to Fountain Powerboat Industries Inc. (FPB).
Financial terms weren't disclosed.
The Lake Forest, Ill., recreation products maker will end production of
Baja boats in Bucyrus, Ohio, by the end of May, consistent with the end of
the 2008 model year.
The company said closing of the Baja plant will result in the elimination
of about 285 jobs.
As a result, Brunswick estimates pretax asset write-downs, along with
severance and other costs, to total between $10 million to $15 million.

Your post prompted a question in my mind as to the number of US boat
manufacturers.
This link has a list of many .... both past and present .... but does not
include all.

http://www.iboats.com/b/

I didn't count them all, but I estimated close to 3,000 listed just at this
source.

I wonder how that compares to the automotive industry and the number of
different car manufacturers.

Eisboch

Richard, before ww2 there were about 10,000 registered auto
manufacturers in the US. Some of them only made one car

Even Briggs & Stratton, made a buckboard type motorized wagon.

Baja Boats Kaput?
 

On Apr 8, 2:46*pm, HK wrote:

The company said closing of the Baja plant will result in the
elimination of about 285 jobs.
As a result, Brunswick estimates pretax asset write-downs, along with
severance and other costs, to total between $10 million to $15 million.

Well, at least they employees are getting a severance. I may be wrong,
but If I rememebr correctly when Mariah in W. Frankfurt IL closed its
doors, I think the employees got a final paycheck and that was it.

Baja Boats Kaput?
 

Tim wrote:
On Apr 8, 2:46 pm, HK wrote:

The company said closing of the Baja plant will result in the
elimination of about 285 jobs.
As a result, Brunswick estimates pretax asset write-downs, along with
severance and other costs, to total between $10 million to $15 million.

Well, at least they employees are getting a severance. I may be wrong,
but If I rememebr correctly when Mariah in W. Frankfurt IL closed its
doors, I think the employees got a final paycheck and that was it.



I feel for American workers who gave their all for the corporation and
in the end got screwed by it in losing their jobs, or their health care,
or their pensions.

To me, a shareholders' equity in a corporation is worth only a small
time fraction of a longtime worker's "sweat equity." Capital is not
worth more than labor. Capital is only money; labor is life.

Baja Boats Kaput?
 

"hk" wrote in message
. ..


I feel for American workers who gave their all for the corporation and in
the end got screwed by it in losing their jobs, or their health care, or
their pensions.



I agree with you. Unfortunately, not all American workers give their "all"
for the corporation.
To many .... too many ... it's a job and that's about where the loyalty
ends.

Eisboch

Baja Boats Kaput?
 

"Tim" wrote in message
...


On Apr 8, 3:37 pm, "Eisboch" wrote:



I didn't count them all, but I estimated close to 3,000 listed just at
this
source.

I wonder how that compares to the automotive industry and the number of
different car manufacturers.

Eisboch



Richard, before ww2 there were about 10,000 registered auto
manufacturers in the US. Some of them only made one car

Even Briggs & Stratton, made a buckboard type motorized wagon.

-------------------------------

That's an amazing statistic.

Eisboch

Baja Boats Kaput?
 

"JimH" wrote in message
...

"Eisboch" wrote in message
...

"hk" wrote in message
. ..


I feel for American workers who gave their all for the corporation and
in the end got screwed by it in losing their jobs, or their health care,
or their pensions.



I agree with you. Unfortunately, not all American workers give their
"all" for the corporation.
To many .... too many ... it's a job and that's about where the loyalty
ends.

Eisboch


There should be no loyalty to corporations viewing employees as a number
and ready to release them in a heartbeat without a concern during
downsizing.

Things are not the way they once were.



There is always concern and regret. Or at least there should be. Nobody
running a company wants to lay off employees, especially dedicated, good
ones. But the primary responsibility of the CEO of a company is to the
company and it's survival.
Note: I am *not* talking about big, fortune 500 operations that are only
concerned with meeting next quarter's numbers.
I am talking about the huge population of small companies that employ over
75 percent of people in the US. Those people need to focus on the company.
If they do so successfully, the rest will take care of itself.

Eisboch

Baja Boats Kaput?
 

"JimH" wrote in message
...

"Eisboch" wrote in message
...

"hk" wrote in message
. ..


I feel for American workers who gave their all for the corporation and
in the end got screwed by it in losing their jobs, or their health care,
or their pensions.



I agree with you. Unfortunately, not all American workers give their
"all" for the corporation.
To many .... too many ... it's a job and that's about where the loyalty
ends.

Eisboch


There should be no loyalty to corporations viewing employees as a number
and ready to release them in a heartbeat without a concern during
downsizing.

Things are not the way they once were.


In my opinion that's not very good advice for the younger generation.