Plans to cut up to 500 jobs in Scunthorpe, Workington and Teesside have been announced by steel giant Tata Steel.
The proposals could see up to 90 positions at risk at the Workington site.
It follows a recent downturn in demand for some of the key products made by the company.
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Young's Seafood itself is now on the market. The potential sale is understood not to have an affect on the possible closure of Pinneys.
Scottish Secretary David Mundell is to meet with key figures as efforts to save the closure-threatened Pinneys seafood factory continue.
Scottish Parliament has been warned that the closure of Pinneys factory would be an 'economic tsunami' for Annan.