Palmer Johnson Yachts is closing its manufacturing operations at their facilities in Sturgeon Bay.
The boat builder known throughout the world for its luxury yachts has been a major employer and a point of pride in Sturgeon Bay for generations. The closure is expected to eliminate 100 jobs in the city when it takes effect in 60 days, according to a release sent by Palmer Johnson.
The Bay Area Workforce Development Board is working with employer to provide rapid response services to the affected workers.
“Our operation and employment levels have continued to diminish, sales have diminished, offshore competitive pressures have escalated, and as a result this action becomes a necessity,” owner Timur Mohamed said in a press release. “We are disappointed and saddened by this business closing and yet realize that there is no alternative.”
The company expects the closure to be permanent, with the first employees let go Oct. 31.