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Yacht firm vows not to cut jobs

Princess Yachts International sells luxury yachts Credit: ITV News

The boss of Princess Yachts International in Plymouth has issued reassurances to its 2,200 staff that job cuts are not on the horizon despite the luxury boat market facing choppy waters.

Princess Yachts' managing director Chris Gates said he was determined to retain the firm's large Plymouth workforce to prevent key skills being lost.

It comes as another Plymouth employer, dairy firm Milk Link, confirmed 35 jobs are under threat at its Marsh Mills office.