Sealord downsizing Nelson wetfish plant, focus is on higher value products
SEAFOODNEWS.COM [BusinessDesk] By Jonathan Underhill - September 25, 2014 -
Sealord, New Zealand's second-largest fishing company, says it needs to downsize its Nelson wetfish processing plant and may eliminate 97 jobs in the face of rising costs, flat prices and a still-strong kiwi dollar.
"In its current form, the wetfish factory is not economically viable, and we need to make improvements now to ensure Sealord's ability to grow and invest in its operations in the future as we increase our focus on fresh and chilled products," the company said in a statement.
"We have worked to propose a solution that, while very difficult for those impacted, means that we could continue to run a smaller wetfish operation focused on higher value products.
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