Cavendish Farms has confirmed it is laying off 60 people from its plant in New Annan, P.E.I.
Company officials say competing plants across North America and Europe have increased production, and that in turn has depressed prices for Cavendish Farms products.
Company vice president Ron Clow said the layoffs will streamline production, improve efficiency and reduce costs at the New Annan facility.
“We are committed to sustaining a successful processing business here on the Island, and this means responding to the competitive realities we face,” said Ron Clow, vice president of Cavendish Farms, in a statement.
The layoffs come out of a review last summer of production at the plant, which identified some areas where changes were needed.
Cavendish Farms says it employs about 700 people at its New Annan plant.
Potato Processor Cavendish Farms Lays off 60 people at New Annan Plant
