Sunseeker to shed 200 jobs in restructure

Sunseeker remains 'deeply committed' to its UK bases.

UK yacht builder Sunseeker is to restructure its business with the loss of about 200 jobs in response to a “softening global demand” caused by economic and political uncertainty in the world.

The company says it must “remain attuned to market dynamics” and plans to reorganise its support, leadership and management functions to “streamline operations and focus resources where they will have the greatest strategic impact”.

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It says “regrettably” this will involve losing 10% of its workforce.

“This is not a decision we have taken lightly,” said Andrea Frabetti, CEO, Sunseeker International in a statement.

The company says it will begin a formal consultation process for a minimum of 45 days to “explore all available options”.

“We are fully aware of the impact this will have on the affected employees, and our priority now is to engage openly and respectfully throughout the consultation process and provide as much support as possible,” added Frabetti.

The Italian, who took over as CEO in 2019, said Sunseeker remains “deeply committed” to its UK manufacturing sites in Poole and Portland. “Our focus remains on safeguarding the long-term health of the business, supporting local employment, and continuing to deliver world-leading yachts to our global customers,” he added.

In November 2024, Sunseeker was fined more than £350,000 after breaking import laws for exotic timber such as teak.