10-5-75

American Marine Strengthens Singapore Yard

The American Marine Group has closed its Hongkong plant, and is now consolidating its ship-building activities in its Singapore plant. There will be no increase in the work-force in Singapore, since sales are still bad. Last November, it retrenched 500 workers after laying off 900 out of its 1,000 work force for two weeks in October following 'poor business'. Singapore was chosen as the consolidating point, because the fibre-glass boats built here are smaller and cheaper than the larger, wood pleasure boats built in Hongkong.