400 jobs at risk at seafood firm

Nearly 400 jobs at a seafood company are at at risk after its owners said the business was “heavily loss-making”.

Grimsby-based Five Star Fish, part of the 2 Sisters Food Group, said despite recent investment its factory was “not sustainable in its current form”, BBC News reported.

It said “no final decision” had been made but it had begun a consultation with staff and customers about the future of the business.

Five Star Fish employs 390 people at the Great Grimsby Business Park site.

A spokesman for Five Star, which supplies fish to firms including Marks and Spencer, said: “Five Star Fish has undertaken a full strategic review of its business and has concluded its operation at Grimsby is not sustainable in its current form for the long-term.

“The site is heavily loss-making and despite major investment in recent years, we are unable to reverse the situation.

“Regrettably, we have now reached a stage where we have to enter into a period of consultation with colleagues and customers about the future of the site and what it might mean for them.

“It is important to emphasise that no final decisions have yet been made as the consultation process has only just begun.”