NZ King Salmon to downsize, 100 positions to go
UPDATED: Fish farmer posted $73m full-year loss, $60m rights offer, and announced it's downscaling.
UPDATE: New Zealand King Salmon is to shrink itself from farming 8000 tonnes of salmon biomass to farming 6500mt in response to warming waters from climate change.
The company told investors and analysts in a Wednesday afternoon livestreamed presentation that this would probably entail the loss
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