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.


ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: PayPal Stops Processing Mega Payments; NZX Listing Still On

PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More>>

ALSO:

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Crown Accounts: NZ Government Deficit Smaller Than Expected In First Half

The New Zealand government's operating deficit was smaller than expected in the first six months of the financial year, as the consumption and corporate tax take rose ahead of forecast in December, having lagged estimates in previous months. More>>

ALSO:

Fruit & Veg Crackdown: Auckland Fruit Fly Find Under Investigation

The Ministry for Primary Industries (MPI) is investigating a find of a single male Queensland fruit fly in a surveillance trap in the Auckland suburb of Grey Lynn... MPI has placed legal controls on the movement of fruit and some vegetables outside of a defined circular area which extends 1.5km from where the fly was trapped in Grey Lynn. More>>

ALSO:

Scoop Business: Westpac NZ Reaches $2.97M Swaps Settlement

Westpac Banking Corp’s New Zealand unit has agreed to pay $2.97 million in a settlement with the Commerce Commission over the way the bank sold interest rate swaps to farmers between 2005 and 2012. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news