Tuesday, April 14, 2009

Plant Closing #20

Pilgrim's Pride has appeared a few times in this blog. For some reason I keep reading about their travails. Now, after filing for bankruptcy in December, Pilgrim's Pride is closing a plant and letting 280 people go. Read more here. Can someone explain why this company is in so much trouble? Has chicken demand dropped so much in the recession?
Pilgrim's Pride has announced plans to shut down their chicken processing
plant in Dalton within 60 days.
President Don Jackson says the move is aimed at reducing costs and operating more efficiently.

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