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New Brunswick -
A recovery plan proposal submitted by Les Pêcheries G.E.M. Ltée was accepted by its creditors at a meeting held in Bathurst on April 29. The fish processing company had been placed under bankruptcy protection in Nov. 2012. The company has also recently negotiated a contract with L.A. Trading of Caraquet to supply lobster and is currently processing sea cucumbers, lobster and herring under a contract with Marubeni Corporation, providing work to 160 workers at the plant.
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Economic Action Plan 2013
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