Internal restructuring
United Kingdom
Location of affected unit(s)
Fraserburgh and Grantown on Spey
Manufacture Of Food And Beverage
Manufacture Of Food Products
10.2 - Processing and preserving of fish, crustaceans and molluscs

650 jobs
Number of planned job losses
Job loss
Announcement Date
23 September 2015
Employment effect (start)
Foreseen end date


Young's seafood, the Scottish seafood processing company, has announced the loss of 650 jobs after losing a major contract in June 2015. It was reported that Young’s seafood had lost a major contract to supply fresh and smoked fish to the UK supermarket Sainsburys. At the time of the announcement it was unclear as to whether Young’s could continue with its current operations and it was reported in July that it was considering closing its factories in Fraserburgh and Grantown on Spey. The company has since announced that, following a review, it proposes to keep both sites open, but at a total job loss of 650. The company is reported to have agreed enhanced redundancy terms with those workers affected and has promised to assist with finding alternative work. It is not known when the job losses will take effect.


  • 23 September 2015: BBC Website
  • 9 July 2015: BBC Website


Eurofound (2015), Young's Seafood, Internal restructuring in United Kingdom, factsheet number 85131, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85131.