Icelandic Seachill lose M&S contract

STAFF at the big fish processor  Icelandic Seachill in Grimsby have been told some jobs could be at risk following the loss of a large Marks and spencer contract thought to be worth around £50 million a year. A memo from the management  went to the workforce yesterday.
M&S is reported lost the business to Five Star Fish of Grimsby, part of the Boparan Group, and to Greencore for coated fish prawn cocktails respectively. Both companies already do some products for the retailer.
Chief executive Simon Smith is reported to have told staff the decision would have a huge impact on the business and, as a result many jobs may be at risk.
He insisted  that the Icelandic Seachill remained in good shape, adding that the management was currently reviewing all practical alternative scenarios and was working on detailed proposals which it would share with its employees.
Icelandic Seachill also produces the award winning Saucy Fish range but that business is not affected by these latest events.
The news has come as something of a shock and reflects the fierce competition in the seafood business. It is exactly a year since Young’s Seafood, also of Grimsby, lost a £100 million salmon processing contract to Marine Harvest.
Two years ago Icelandic Seachill announced a number of job losses after it announced it was stopping its M&S ready meals business because it was now longer profitable.
The company has also been in dispute with a major trade union over plans to adjust overtime payments to staff following the introduction of the National Living wage in April.