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Salmon industry redundancies set to leap forward

Category: Scotland Business News — Gary Cain on January 12, 2013

A Scottish farmed salmon company has announced it expects to make significant job cuts through the course of 2013, as market conditions continue to affect the industry.

The Scottish Salmon Company (SSC), which employs nearly 170 people in the Western Isles, has said that continuing low market prices has affected operations. It also said that disease suffered by its fish stocks and delays in its expansion plans has led to too large a workforce being developed.

The company currently has no firm indication of how many positions will be lost, but that all staff would be redeployed where possible. It also said help would be given to those made redundant.

Talking about the cuts that would be made in the spring, the SSC chief executive said it is hoped they will be temporary. Stewart McLelland said:

“We deeply regret this situation, but hope that we can reassure local communities that once more sites start to produce fish, we will once again have the volumes that make full production viable again. (The) process of expansion continues but, for the moment, there is now a time lag before sufficient numbers of next generation of fish can be harvested and processed.”

The salmon industry on the whole is lucrative for the country, with many companies freeing up cash through invoice discounting to help their expansion.

However, being a dynamic business, there are significant fluctuations to contend with, as SSC is facing now.

Though concerned with the news, the local authority, Comhairle nan Eilean Siar, was eager to stress that the firm still has its full support.

'Disclaimer: The information contained in these articles is of a general nature and no assurance of accuracy can be given. It is not a substitute for specific professional advice in your own circumstances. No action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a consequence of the material can be accepted by the authors or the firm.

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