Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Independent Fisheries to consider future of Christchurch plant

Independent Fisheries to consider future of Christchurch plant

Intense competition from heavily discounted foreign-sourced product in its key markets has forced Christchurch-based fishing company Independent Fisheries Ltd to consider the future of its Woolston processing facilities.

A proposal under review is for the possible closure of the plant, with about 200 jobs affected.

Announcing the review to staff at IFL's premises today, General Manager Mark Allison said the move was the result of fierce competition in the market from mainly Asian-sourced processed fish products of similar quality at much lower prices. This has caused a sharp decline in sales over the last three years.

The market issues were compounded by damage to the Woolston facilities resulting from the Canterbury earthquakes.

"We understand the concern that this announcement will cause for our staff, many of whom have been with us for a considerable time. We will be consulting with them and their representatives.

"We want to ensure that Independent Fisheries continues as a viable company making a valuable contribution to the Canterbury economy, but it is clear that we cannot do so under our current structure.

"We hope to be in a position to announce the outcome of the consultation process on November 8.

Independent Fisheries Ltd is a privately-owned company, whose Woolston plant produces crumbed and battered fish products.
Other parts of the company will not be affected by the review.


© Scoop Media

Business Headlines | Sci-Tech Headlines


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news