In a statement, Pete Ward, the CEO of the company, said: “We confirm that, following a tendering process, Young’s has not retained the fresh salmon and smoked salmon processing contracts with Sainsbury’s.
"Sainsbury’s wished to protect its Scottish salmon sourcing credentials and believed an alternative proposal could better achieve this objective. This alternative proposal also offered Sainsbury a dedicated facility.
"Sainsbury’s remains an important customer for Young’s and we will continue to work together in other categories to deliver great fish and seafood products to Sainsbury’s customers.
"It is presently anticipated that the salmon contracts will transfer from Young’s to Sainsbury’s new supplier from November 2015.
"We will be engaging with our employees and other stakeholders to discuss the implications for our business and how we can best position our company to achieve long term, sustainable growth in the current competitive market place.
"As we move forward, exploring a number of new business opportunities, our focus continues to be on serving our customers and consumers and on our commitment to providing high quality, good value, fish and seafood.”
