Pilgrim's Pride Corp. said Friday it will cut 3,000 jobs as it shuts down operations at three of its 32 chicken processing plants.
The announcement does not include the company’s processed products plant in Waco, which employs around 700.
The closures will reduce the company's chicken production by roughly 10 percent and are designed to save the company $110 million a year as part of an ongoing restructuring.
The Pittsburgh, Texas-based company filed for Chapter 11 bankruptcy protection in December under a heavy debt load.
The plants the company expects to close by mid-May are in Douglas, Ga.; El Dorado, Ark.; and Farmerville, La.
The company expects the closures to cost $35 million, not including asset write-downs it may take in the second quarter.
The company also said it would combine its protein salad production operation in Franconia, Pa., with its Moorefield, W. Va., facility.
The company says the move also affects 430 independent chicken farmers.
To comment, the following rules must be followed:
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to email@example.com. Please provide detailed information.