Eleven shrimp companies in Newfoundland and Labrador have shut their doors, putting 2000 people out of work. This comes one week after shrimp plants stopped buying from fisherman. A spokesperson from the Association of Seafood producers blames the high Canadian dollar and a collapse of the market due to the economic crisis. The layoffs are devastating to rural communities in Newfoundland, and industry officials are saying government support will be crucial for short-term survival and long-term restructuring. Union and Association of Seafood Producers are meeting Thursday to try and find a solution.
Shrimp production ceases
Newfoundland and Labrador close their plants
FILED UNDER: Canada