date:Dec 17, 2012
High Liner Foods, Lunenberg, Nova Scotia, Canada, closed its fishprocessing plant in Burin, Newfoundland, today, throwing 120people out of work.
The action came just after Standard Poor changed its rating ofthe company to positive, based on its belief that the companywill maintain its solid market position in the North American value-added frozen seafood industry, while strengtheningits profitability and credit measures over the next year.
High Liner had announced the pending closure of the B