According to CBC News, processors refused earlier this week to handle any more raw product from fishermen, arguing that market demand has slumped so much in the wake of the global economic crisis that they cannot make money.
While companies and union officials were scheduled to meet Thursday in an attempt to resolve the dispute, fishermen are arguing that prices offered by processors are so low, they would do better to not fish at all.
"I'm saving money having this boat tied on here today. Now that's a fact," Glenn Winslow, who is still carrying payments on the $1.5-million vessel he purchased, told the news organisation.
"I will be in money if I left this boat here with the prices where they are at right now," Winslow said Wednesday.
Shrimp Shutdown Leaks Out to Rural Areas
CANADA - The shutdown of the shrimp industry in Newfoundland and Labrador is bound to wreak havoc on towns that depend on the fishery, workers and municipal leaders say.
