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Luxury boat-builder lays off 121 workers

Source: Lateline Business
Published: Tuesday, August 19, 2008 10:02 AEST
Expires: Monday, November 17, 2008 10:02 AEST

In a further sign the economy is weakening for just about everyone, Australia's biggest luxury boat builder is casting off 121 workers. Gold Coast-based Riviera blamed the lay-offs on a 35 per cent fall in orders and the rising Australian dollar.

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Tags: company-news, unemployment, sailing, australia, southport-4215

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