date:Dec 25, 2012
used to pay some of the companys debt.
Ian MacPherson, manager of the P.E.I. Fishermans Association, said the plants closure will lead to lost jobs and fewer players in the fishing industry.
With the current surplus of lobster on the market, it will be difficult for someone to start up this spring and make money, he said.
MacPherson said fewer plants open means reduced competition on the wharf for prices and fewer jobs.
We need both sectors healthy.