Fiji Fish Marketing Group has ceased its tuna business and 120 employees have been laid off, reported Fiji Village.
Its managing director Graham Southwick said there may be more layoffs soon and justified the closure due to a sharp drop in tuna catches in the last few years.
Southwick said the tuna industry is no longer sustainable in Fiji as a consequence of overfishing. As a result, Fiji Fish Marketing Group has lost millions in the last five years, the managing director said.
The company is now processing and packaging fish for foreign vessels.
Another company from Fiji, Solander Pacific, claimed to have no choice but to close part of their operation due to overfishing.
Solander Pacific’s general manager Radhika Kumar said last year tuna catches were less than half when compared to 2008.
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