In the wake of changes in the fisheries law for giant squid, passed by the Chilean government, three companies have announced the closure of plants this month, which will mean that around a thousand will lose their jobs.

The company, PacificBlu, will be closing its giant squid processing plant around mid-year in the town of Talcahuano. Alimar will be following suit with its processing plants in Coronel and Lota, and Landes company will also stop operating its squid processing line.

Such measures occur as they are unable to adapt their fleets to the new legislation, which restricts catching methods for giant squid used by the jigger or handline fleet.