Hatteras/CABO Yachts in New Bern today had a layoff representing approximately 25% of the hourly employees. Company President John Ward tells 9 On Your Side the cuts were a result of altering production due to decreasing market demands. Mr. Ward says he is optimistic the company will be able to bring some of those workers back in the future as the industry and the economy bounce back. The layoffs affect 80 workers at the New Bern facility.
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