Posted 8/11/2008 08:49 am
Updated 1 year ago
Pilgrim's Pride Corp. said Monday that it plans to idle a chicken processing plant at Clinton and a further-processing facility at Bossier City, La.
The company said both moves are expected to be completed within 60 days and are part of the company's efforts "to operate more efficiently and return to profitability amid high feed costs and an oversupply of chicken on the market."
The idling the plants will eliminate about 600 positions. The Clinton plant employed about 350 as of December 2007.
The company said value-added items produced in Bossier City will be shifted to other Pilgrim's Pride further-processing facilities.
"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, Ark., to six other case-ready sites. Those changes, when combined with today's announcement, will result in the elimination of nearly 2,300 positions."