Chilean salmon industry could face considerable layoffs in 2016

Published on
December 17, 2015

Some 5,000 jobs could potentially be at stake as a result of financial issues affecting the Chilean salmon industry, wrote The Chilean Confederation of Workers of the South (Confetrasur) in a letter sent to Raul Sunico, Chile's undersecretary of fisheries and aquaculture.

The salmon season wraps by the third quarter of 2016, noted Alejandro Santibanez, president of Confetrasu – if production cost issues are not alleviated by then, nearly 10,000 families could see their livelihoods upended as a result of layoffs by the end of the season, reported Economia y Negocios.

Fewer fish will be left in the water by 2017 if issues are not dealt with and the consequences to employment could resemble those seen during the ISA crisis in 2007, Santibanez said.

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