Source:
MSNBCIn announcing the El Dorado closing, the company also said its plants in Douglas, Georgia and Farmerville, Louisiana will also be shutdown within 60 to 75 days. The three facilities employ about 3,000 people, or roughly seven-percent of the company's total U.S. workforce.
"The idling of these three plants is a painful reflection of the unprecedented challenges facing our company and our industry from an excess supply of chicken and weakening consumer demand resulting from a crippled economy," said Don Jackson, president and chief executive officer. "Simply put, we are producing too much commodity chicken in what is a very weak market. The actions announced today will reduce our production of low-value, commodity meat that is a financial drain on the company without affecting any of our core business lines or customers."
Pilgrim's Pride operates 29 other facilities in 14 states, Puerto Rico, and Mexico.
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