About 200 jobs are on the chopping block at Christchurch-based fishing company Independent Fisheries Ltd, it announced today.
Citing intense competition from heavily discounted foreign-sourced product in its key markets, the firm is considering the future of its Woolston processing facilities.
A proposal under review is for the possible closure of the plant, with about 200 jobs affected, a statement from the privately-owned company said.
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.
It has caused a sharp decline in sales over the last three years, he said.