South Boats IOW are to withdraw from the Island and move operations to Norfolk, but a plan is being collectively worked on to maintain business and employment in its place.
The Cowes-based boat building company is currently located at Medina Yard on the banks of the River Medina, but news has broke that operations will be moving to Alicat Workboats’ headquarters in Great Yarmouth.
Currently, the formal response to media enquiries is ‘no comment’ as, the company say, there is ‘isn’t actually a story’. However, it has been confirmed to Island Echo that it is indeed true that South Boats are withdrawing from the Isle of Wight.
Further details about the discussions taking place to save jobs and the boat building operations remain under lock and key, but further news is expected next week.
As of yesterday nobody has been made redundant.
