Prime Seafoods, a processor based in Peterhead and Fraserburgh, has shut down after facing financial difficulties, reported The Press and Journal.
The shutdown left 68 workers jobless. One of them said workers were told the cause of the closure was "a lack of fish" as well as unsustainable overheads.
According to Scottish Seafood Association Chief Executive Jimmy Buchan, the closure comes as a shock, as the firm has been trading since 1980.
Buchan also told The Press and Journal that he “wouldn’t be surprised if other companies were to go the same way."
According to the publication, the last published accounts for the firm, for statements through the end of May 2018, indicate that Prime Seafoods had turnover of £28 million (€23.3 million/$21.6 million) and suffered pre-tax losses of £236,000 (€196,327/$181,783).