Souris, P.E.I. – A Newfoundland-based fish processor has closed its plant in Prince Edward Island.
The lobster-processing plant belonging to Ocean Choice International had employed 300 people.
Ocean Choice’s board of directors said in a statement that they had decided to sell the plant because the company was headed in a different direction, reports the Chronicle Herald.ca.
The company had purchased the plant from Polar Foods International seven years ago.
A story in P.E.I.’s the Guardian reports that concerns were raised back in November when Ocean Choice shut down production four weeks earlier than usual due to what it says were soft market conditions and uncertainty over raw material supply.
At that time, reports the story, the company had expected to rehire staff this month.
The Guardian also reports that Ocean Choice owes the province money.
The province says it will lay out its plans for the workers and the lobster industry in the coming days.