Up to 11 jobs could be axed at the Newlyn-based W Stevenson and Sons fish merchants.
The possible cuts are believed to affect mainly the shoreside staff. Negotiations are expected to be completed by the end of this month.
Partner Elizabeth Stevenson told The Cornishman: "I can confirm that up to 11 jobs will be going, but we do not wish to say anything further while negotiations are ongoing."
The move is not thought to reflect the state of the fishing industry, despite the port experiencing a tough year.
Last summer, W Stevenson and Sons was handed a two-year conditional discharge and ordered to pay a confiscation order and costs for a quota scam. The scam, in 2002, involved so-called black fish from restricted species being put through the books as other types of fish for which there was spare quota.
And in November the catching sector was estimated to have lost around £100,000 when adverse weather forced vessels and trawlers to a virtual standstill.
Paul Trebilcock representing the fishermen's union, Cornish Fish Producers Organisation, says the catching sector has been doing well despite the recession and adverse weather conditions. He said: "The redundancies are probably more to do with Stevenson as a partnership than the wider catching sector."
article copyright THE CORNISHMAN