It’s not going to be a very good Christmas for some of the staff of US based company Hobbico. The company has announced that it’s having to lay off as many as thirty-seven staff in the run up to Christmas, both full-time and part-time positions. Hobbico is also reducing the amount of seasonal help it’s taking on in a bid to keep costs down.
Hobbico produces and distributes radio controlled helicopters, RC planes and other products in the hobby industry.
Hobbico blames the economic downturn for the staff cuts. The company is the world’s largest distributer of RC helicopters, planes, boats, cars and other radio controlled model related parts. Hibbico employs 650 staff in its US based distribution centre.
A spokesperson for Hobbico stated as a reason for the job cuts:
The current economic climate and the possibility of a protracted recession.
This news follows announcements from other businesses in the area concerning job cuts, in the manufacturing and car industries.
Hobbico was created in 1986 when two companies merged, Great Planes Model Distributors and Tower Hobbies.