Four Winns layoffs
Posted: 11.11.2008 at 5:49 PM

Job cuts at a company in Wexford County are also being blamed on the credit crunch.

CADILLAC -- Four Winns, which is based in Cadillac, laid off workers last week. The president of the company, Jeff Olson, would not give a specific number of workers involved in the lay off but says it's "not" seasonal and directly related to the current economic troubles. Olson tells 7& 4 News Four Winns has been impacted by credit markets at both the wholesale and retail levels. International sales, which amount to at least half of Four Winns business, have been hit especially hard, with the prices of boats in some countries going up as much as 30 percent. Boat dealers are also having trouble getting credit here in the U.S.. We are following this developing story with more impact of the layoffs on 7 & 4 News and here at tv7-4.com