Trident Seafoods Looks to Sell Shoreside Plants, Reduce Workforce
Trident Seafoods said Dec. 12 that it’s looking for potential buyers for four of its shoreside processing plants as part of a restructuring initiative to streamline its Alaska operations and refocus the company’s global commercial strategy.
The company also revealed that it plans to reduce the workforce at its Seattle headquarters by 10%.
The announcement comes as Trident acknowledges the need to adapt to the changing dynamics of the global seafood industry. Trident CEO Joe Bundrant said the restructuring is designed to focus operations and investments on assets to fuel that shift.
This includes plans to seek buyers for Trident’s diverse operations in Kodiak while operating a significantly scaled-back winter season. The Kodiak plants operate nearly year-round and process multiple spec...