Marine Harvest to axe 100 jobs - Just Food
Join Our Newsletter - Get important industry news and analysis sent to your inbox – sign up to our e-Newsletter here
X

Marine Harvest to axe 100 jobs

22 Jan 2016

Seafood processor Marine Harvest has warned up to 100 jobs are to go following a review of the business.

Marine Harvest to axe 100 jobs

Seafood processor Marine Harvest has warned up to 100 jobs are to go following a review of the business.

In an announcement as part of its fourth quarter trading update, Marine Harvest said: “Following a recent review of the business up to 100 jobs will be reduced to make the business more efficient and sustainable”.

The company has issued a 30 day notice and will now enter a period of consultation with staff representatives about which posts will be affected. The restructuring will affect jobs in different departments across all the regions, the firm said.

Ben Hadfield, managing director of Marine Harvest Scotland and global Feed Director, said: “We will be sorry to see staff leaving, as we have a highly skilled and talented team here at Marine Harvest Scotland. However, the industry is moving at a fast pace and fish farming is in a very different place today from where it was ten or even five years ago. We have to ensure the business is sustainable and is fit to meet the challenges we face moving forward. By taking this action now we can be more certain of maintaining jobs in the future.”

The firm also announced a fall in operational EBIT for the group to NOK850m (US$97.3m) compared with NOK1.0m in the same quarter last year.

Marine Harvest attributed the fall to start-up costs at the Rosyth processing plant in Scotland have been higher than previously and impacted results negatively. The full financial report is expected on 17 February.