Smithfield Foods Closing 6 Plants

18 Feb

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This is a sad state of affairs, y’all. Even the mighty Paula Deen (a paid spokesperson for Smithfield) couldn’t prevent this from happening. What is the world coming to???

SMITHFIELD, Va. — Smithfield Foods Inc. said today that it plans to cut 1,800 jobs and close six plants, including a plant in Elon, N.C., affecting 160 employees, as part of a restructuring.

The company said it would save about $125 million a year by 2011.

The plants are expected to close by December, the company said. The packing plant in Elon, which handles country ham, is slated to close by late summer.

Other Smithfield plants in North Carolina are expected to gain production from the closing of a packing plant in Smithfield. The other plants being closed are in Plant City, Fla., Great Bend, Kan., New Riegel, Ohio, and Hastings, Neb. The company said it offer the opportunity to transfer to another plant to an “undetermined number of employees.”

The company also said it is combining seven of its independent operating companies into three main units: The Smithfield Packing Co., John Morrell & Co. and Farmland Foods Inc.., with John Morrell and Farmland combining sales forces.

www.smithfield.com

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