Orders drying up, Warren boat builder lays off 50
1:15 PM Mon, Jan 19, 2009 | Permalink
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Sailboat maker Pearson Composites has laid off nearly half its workforce, as the economic downturn dries up orders for recreational craft. Fifty of the company's 110 employees were dismissed on Friday. Pearson, founded in 1968, at one time had as many as 150 workers. "It's saddening," Chief Executive Officer Patrick T. Burke told The Providence Journal today. Earlier this month, Goetz Custom Sailboats, a racing yachts builder in Bristol, was forced into receivership and laid off its 75 employees. 
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