Young’s paid Pinneys staff £7.7 million
YOUNG’S Seafood spent more than £7 million on redundancy payments to the 450 staff who worked at its Pinneys salmon site in Annan, the company’s annual report has revealed. The […] Continue Reading
Russian buyer to reopen Pinneys
THE Scottish salmon plant Pinneys, shut by Young’s Seafood last year, is set to reopen this autumn after being bought by a Russian company. More than 100 jobs are set […] Continue Reading
Young's reports impressive growth
SOLID sales growth and the capture of important new contracts helped give Young’s Seafood an impressive increase in turnover and gross profits last year. The company reported turnover of £545.9 […] Continue Reading
Pinneys staff forgotten claims MSP
THE 450 people who lost their jobs following the closure of Young’s owned Pinneys salmon site at Annan have been forgotten, according to a local member of the Scottish parliament. […] Continue Reading
Edinburgh Salmon Co to close at year end
THE Edinburgh Salmon Company (also known as ESCo) has announced that it is to close its production centre at Dingwall in the Highland, with the loss of more than 250 […] Continue Reading
Young's deal close – reports
THE private equity firm CapVest appears to be closing in on a deal which will reunite it with Grimsby-based Young’s Seafood, according to weekend financial reports. The Mail On Sunday […] Continue Reading
Factory offers hope to Pinneys staff
CAVAGHAN and Gray, the seafood business owned by the 2 Sisters group, is creating at least 200 jobs at its Carlisle factory – with some of those vacancies likely to […] Continue Reading
Young's Q3 operating profit up 29 per cent
YOUNG’S Seafood has just announced a 29 per cent rise in operating profits for the third quarter of its financial year, in what it describes as a challenging market. The […] Continue Reading
Three-way bid for Young's Seafood
THREE businesses are bidding to buy Young’s Seafood, including one of its former owners, weekend reports have suggested. The Sunday Telegraph said yesterday that the £200 million sale of Britain’s […] Continue Reading