Aberdeen seafood jobs at risk, company warns
IT has entered a consultation process with staff saying market volatility and business costs have led to a decline in profits.
There has been a downturn in salmon production ‘because of a lack of supply and extreme volatility in the marketplace along with the prohibitive costs of doing business in Aberdeen’, said a spokesman.
The company is one of the largest seafood processors in the area, with around 230 workers employed at its Aberdeen plant. But it is thought not to be the only UK seafood company currently facing problems.
Founded in Belfast just before the First World War, the Nolan group expanded into Aberdeen in 2002. The Aberdeen site was extensively upgraded in 2012 which allowed it to expand production and expand into new products.
It is a significant processor in north east Scotland, producing salmon fillets and portions and white fish fillets and portions. Much of its output is exported to Europe. YOUNG’S Seafood has so far remained silent on a report that it has captured contract from a local rival.
The company said or deny the report that it had taken the private label coated Iceland chain from Five Star Fish.
Five Star recently captured £40 million of a total £60 million Marks & Spencer contract previously held by Icelandic Seachill.