More jobs are cut at Corby boat builders, Fairline

A second wave of redundancies have been announced at a luxury boat builder in Northamptonshire.

Up to 75 employees are at risk of losing their jobs at Fairline Boats, which has factories in Oundle and Corby, company owners have said.

The company announced 85 job losses in May and 85 in 2011, when the company was taken over by Better Capital.

Chief executive Alistair Schofield said the decision reflected a "challenging market."

"It is with regret that we have to announce the risk of making up to 75 employees redundant at Fairline across the business.

"This decision has been taken as a result of the latest business forecast for the second half of this year, where it has become necessary to amend our scheduled production rates in selected areas," Mr Schofield said.

The company employs 716 people.