Darin King says the government will help displaced families with training programs, but that's about all.
The plant is the main employer in the town in eastern Newfoundland.
About 140 people will lose their jobs by the end of the year.
King says the seafood industry in the province simply has too many processing plants — and he expects more plants to close in the months ahead.
As well, he says seafood companies are struggling with higher costs for transportation and fuel, and a strong Canadian dollar.
Five processing plants have closed across the province since December.