Archive for August 11th, 2008
Pilgrim’s Pride ‘idles’ plants in Ark., La.
Monday, August 11th, 2008
Pilgrim’s Pride Corporation today announced plans to idle a chicken processing plant in Clinton and a further-processing facility in Bossier City, La. Both moves, which are expected to be completed within 60 days, are part of the company’s ongoing effort to operate more efficiently and return to profitability amid high feed costs and an oversupply of chicken on the market, according to a company news release.
This news comes about a month after the company announced 600 jobs would be cut from its El Dorado facility, which is disbanding the tray-pack division.
“Over the past six months, Pilgrim’s Pride has taken a number of proactive steps to strengthen our competitive position amid a very difficult operating environment,” said Clint Rivers, president and chief executive officer.
“These steps include the production cutbacks for the second half of fiscal 2008, the closure of a plant in North Carolina and seven distribution centers, and the consolidation of our tray-pack operations in El Dorado, to six other case-ready sites. Those changes, when combined with today’s announcement, will result in the elimination of nearly 2,300 positions.”
Not good news for a Monday morning.
