Smithfield Foods Announces Pork Group Restructuring Plan

Feb. 17, 2009

As part of its plan to cut its annual costs by up to $125 million by the 2011 fiscal year, Smithfield Foods Inc. announced plans to close six pork processing facilities and eliminate approximately 1,800 jobs. The company also plans to reorganize four existing independent operating companies by consolidating them under the business units of The Smithfield Packing Company, Inc., John Morrell & Co. and Farmland Foods, Inc. The plant closings, which will occur over the next three quarters, involve only further processing facilities and none of Smithfield’s slaughtering facilities.

Read more about the restructuring plan here

Sponsored Recommendations

Discover Your Savings Potential with the Kaeser Toolbox

Discover your compressed air station savings potential today with our toolbox full of calculators that will help you determine how you can optimize your system!

Revolutionizing Healthcare: The Impact of Digitalization in Biopharma Innovation

Biopharma enables an entirely new level of innovation that’s simply not possible in conventional drug development. It’s an approach that can fundamentally change the way healthcare...

Navigating the Automotive Industry's Electric Future

The automotive industry is at a turning point. Bloomberg estimates that by 2040, 54% of new vehicle sales will be electric. And by 2030, we’re looking at 100% of passenger vehicles...

Unified Process Control Brings Operational Clarity

Inland Empire Utilities Agency replaces its SCADA enterprise system with the PlantPAx Distributed Control System and reduces complexity for operators