Due to the difficult market condition, the company had to make some painful changes towards the end of 2009. Some of the staff were made redundant. Some were asked to take leave due to insufficient work. It was definitely a painful period for all.
The dreadful 2009 was finally over. So far, things seemed to be looking up after a busy Jan. We have a leaner but by no means less capable team, ready to tackle new challenges. Emphasis will be on productivity. We will continue to work on improving our core competency. We will continue to establish ourselves as a leader in the service and repair business for RIB; diesel engine for leisure boating; and yacht services for privately owned boats.
The dreadful 2009 was finally over. So far, things seemed to be looking up after a busy Jan. We have a leaner but by no means less capable team, ready to tackle new challenges. Emphasis will be on productivity. We will continue to work on improving our core competency. We will continue to establish ourselves as a leader in the service and repair business for RIB; diesel engine for leisure boating; and yacht services for privately owned boats.
However, the recovery of our business depends very much on the economic condition. We hope that market will improve and more people will take up boating.
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