High Liner Foods said Thursday it is consolidating its North American supply chain as a result of "overcapacity at several plants and the acquisition of a more modern plant in Newport News, Virginia, in December."

Three-hundred employees are losing their jobs.

The two affected facilities – located in Burin, Newfoundland and Labrador (Canada) and Danvers, Massachusetts, United States – are the company’s highest-cost and most underutilized facilities, the company said.

“High Liner Foods recognizes that this is a very difficult day for the more than 300 employees, as well as their families, in both communities most of whom will be leaving the High Liner family later this year or early next year as a result of this decision,” CEO Henry Demone said.

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