YOUNG'S Seafood has announced it is to keep two closure-threatened facilities open, but the firm will still shed hundreds of jobs,
Both the Fraserburgh and Grantown on Spey facilities are to stay in business, but around 650 posts are to go as they focus on greatly-reduced operations.
Jobs at Young's were put under threat after the loss of a £100m contract to supply salmon to supermarket chain Sainsbury's.
Young's said the new option would save 250 of the 900 threatened jobs.
The plant at Fraserburgh will now be a much-reduced operation focussing on hot and cold smoked ready-to-eat products.
Chief executive Pete Ward said: "We recognise the importance of the Fraserburgh and Spey Valley factories to their local communities and we are moving forward with a plan that will retain jobs at both of the sites."
'Deeply disappointing'
The company has agreed enhanced redundancy terms for those affected, and would help with trying to find alternative work.
Business Minister Fergus Ewing said it was "deeply disappointing, but not unexpected, news".
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