Tri Marine Group announces closure of Samoa Tuna Processors cannery December 11

Employees of Samoa Tuna Processors are learning that the cannery is shutting down indefinitely December 11 due to “adverse business conditions”. The $70 million cannery  was officially opened in January of last year, but only started production  a few months later because of delayed shipping due to industrial action on the west coast. The closure would put close to 1,000 workers out of jobs and send ripple effects throughout the community and also Samoa where the majority of production employees are from. Renato Curto, CEO of the Tri Marine Group said in a  statement, “This is an incredibly difficult decision and one we make with a great deal of reluctance. “Our hearts go out to STP’s employees, suppliers, service providers and everyone else who depends on STP’s operations.” The statement said the challenging economics of canning tuna in American Samoa combined with external factors facing STP make Tri Marine’s private-label focused business model for operating the plant economically unsustainable in today’s market. Tri Marine is currently evaluating alternatives for the facility including outright sale, preferably to a strategic buyer that would minimize job losses. Read the rest here 17:04