Cluck Cluck Cluck Gone
SAN FRANCISCO (MarketWatch) -- Pilgrim's Pride Corp., struggling to make money in the chicken business amid surging feed-grain costs, said Tuesday it plans to consolidate a tray-pack chicken processing operation and shutter another distribution plant.
The moves are expected to result in at least 600 job losses. The No. 1 U.S. chicken producer by volume said the tray-pack business in El Dorado, Ark., will be handled by six other case-ready facilities. Approximately 600 of the 1,215 positions at the El Dorado plant will be eliminated by Sept. 19.
Now even the Chicken Business is losing money. Add it to our list of ABCs.....autos, airlines, banks, construction, and chicken. Can anyone tell me who is going to pay taxes this year with soooooo many companies losing money and workers getting released?