US: Cargill closes beef processing plant, 600 jobs at risk
Cargill has announced it is to close its beef processing facility
Tight cattle supplies have seen Cargill announce it is to close its Milwaukee beef processing plant with approximately 600 jobs at risk.
"Closing our Milwaukee beef plant is taking place only after we conducted an 18-month-long analysis of the region's cattle supply and examined all other possible options," said John Keating, president of Cargill Beef.
"It is unfortunate that we must close any beef plant because of the impact to good people, their families and the community. The harsh reality is that the US beef cattle herd is at its lowest level since 1951, with any significant herd expansion being years away."
The ground beef facility at the site will remain open, employing around 200 people.
The plant was purchased by Cargill in 2001 and has a processing capacity of 1,300 to 1,400 animals daily. It will cease production tomorrow (1 August).
Cargill today announced that it will close its Milwaukee, Wis., beef harvest facility, which employs approximately 600 people, effective at the close of business, Friday, Aug. 1, 2014. The closure of the facility results primarily from the tight cattle supply brought about by producers retaining cattle for herd expansion. The ground beef plant at the site will remain open to meet customer needs, employing approximately 200 people. Cargill’s six other U.S. beef harvest plants are unaffected.
Cargill purchased the beef harvest plant in 2001 and it has a processing capacity of 1,300 to 1,400 animals daily. For the more than 600 people impacted at the plant, Cargill will be offering opportunities to fill positions at other company locations in the region. Those who relocate to positions at other Cargill facilities will receive assistance. For displaced employees, Cargill will provide support including a job fair in Milwaukee the week of August 4.
“Closing our Milwaukee beef plant is taking place only after we conducted an 18-month-long analysis of the region’s cattle supply and examined all other possible options,” said John Keating, president of Cargill Beef, based in Wichita, Kan. “It is unfortunate that we must close any beef plant because of the impact to good people, their families and the community. The harsh reality is that the U.S. beef cattle herd is at its lowest level since 1951, with any significant herd expansion being years away.”
Cargill will continue to honor its community commitments in Milwaukee through the end of calendar year 2014. The company’s six remaining U.S. beef processing plants are located in California, Texas, Kansas, Colorado, Nebraska and Pennsylvania.
Original source: Cargill
Cargill, Incorporated - Strategic SWOT Analysis Review provides a comprehensive insight into the company’s history, corporate strategy, business structure and operations. The report contains a detaile...
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
Cargill is one of the world’s largest companies in the food and agricultural industries. This profile looks specifically at its operations in the ingredients arena, which although representing just on...
Cargill de Venezuela will continue to focus on staples, distributing to end consumers, foodservice chains and industrial manufacturers. Given that the company faces challenges regarding importing raw ...
"The Future of the Prepared Meals Market in Israel to 2017: Market Size, Distribution and Brand Share, Key Events and Competitive Landscape" is the result of Canadean’s extensive market and company re...
- Analysis: Is Heinz, Kraft merger "a growth story"?
- The challenges awaiting ConAgra's new CEO
- Focus: Can Mars gain share in Indian chocolate?
- M&A Watch: Who could be on 3G Capital's radar?
- Why Kraft-Heinz merger could herald more deals
- UPDATE: Heinz, Kraft strike merger agreement
- Fatal explosion at French desserts firm Senagral
- Infographic: Heinz, Kraft unveil combined business
- Buffett: Kraft Heinz to withstand health focus
- ConAgra confirms another private-label charge