A Fraserburgh fish processing plant will stay open in a reduced capacity retaining around 250 jobs the company has confirmed.
Young’s Seafood Limited has made the ‘Alternative option’ plan following a formal consultation process with employee representatives regarding the Watermill Road site and its Grantown-on-Spey smokehouse.
Pete Ward, Chief Executive of Young’s Seafood Limited said: “Following extensive review, consultation with employee representatives and engagement with all interested stakeholders, we are now confirming our Company’s decision to keep open our Fraserburgh Watermill Road and Grantown-on-Spey facilities.
“This follows the decision by a major customer to transfer some of their business to a Rosyth-based supplier. We recognise the importance of the Fraserburgh and Spey Valley factories to their local communities and we are moving forward with a plan that will retain jobs at both of the sites.”
The Fraserburgh Watermill Road site will stay open with a reduced operation focussed on hot and cold smoked Ready-to-Eat products.
Manufacture of other products will gradually transfer to alternative Young’s sites in Scotland and England by May 2016. The phasing of this plan is subject to consultation with our retail customers.
Mr Ward said: “This decision has not been taken lightly and we’d like to say thank you for your continued dedication and commitment to the site during this challenging time.
“We would also like to say thank you to all other stakeholders, organisations and agencies that have worked constructively with Young’s to develop our plan.”
Discussions had been ongoing since Young’s lost its £100 million fish processing contract with Sainsbury’s.
It had originally been feared that all 900 jobs would be lost at the plant.