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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

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