Sealord says Nelson wetfish factory 'not economically viable,' 97 jobs at risk

Thu, 25 Sep 2014

By Jonathan Underhill Sept. 25 (BusinessDesk) - 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...

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