US: Pilgrim's Pride unveils job cuts in JBS integration
Pilgrim's Pride said it will eliminate around 230 corporate and administrative positions across the organisation.
Around 160 positions being cut are based at the company's headquarters in Pittsburg, Texas, or in nearby Mt. Pleasant. The remaining cuts are spread over nearly a dozen other sites, including Atlanta, Dallas and Broadway, Va, the company said.
Severance benefits, including outplacement assistance, will be provided.
There is no direct impact on Pilgrim's Pride's operations or production, the company added.
Pilgrim's Pride said that it was continuing to move forward with plans to consolidate most corporate functions at JBS USA's headquarters.
"Both companies are continuing to evaluate the needs of their organizations and expect to finalize consolidation plans within the next three to six months," the group said.
A telling reaction to rumours that JBS could look to hold talks with Smithfield Foods to buy the US business was the slump in the Brazilian meat giant's share price....
The humble chicken nugget grabbed the M&A headlines in the food industry this week after Brazilian food group Marfrig...
Here we take a look at who said what this week....
The news that dominated the headlines this week was the sale of Tate & Lyle's European sugar operations - including Lyle's Golden Syrup, purported to be the world's oldest food brand....
Brazilian meat giant JBS is to buy US cattle busines McElhaney Feedyard for US$24m....
US poultry group Pilgrim's Pride has launched chicken under the "Fresh from Florida" label to tap into local shoppers who prefer locally-grown products....
JBS has reported a strong start to the year with sales growth driving the meat giant back into profit in the first quarter of 2010, as the company benefited from acquisitions and a strong performance ...
- just-food 2017 Survey - your thoughts on growth
- 2017 - what will shape the UK food sector?
- Food market in 2017: big foodservice trends
- Could BRF's Turkey move pave way for OneFoods IPO?
- Food market in 2017: need-to-know US trends
- Ferrero insists Nutella not pulled from shelves
- UK's Bakkavor plays down IPO "speculation"
- PepsiCo launches Walkers Mediterranean in UK
- Mondelez plans "selective" UK price hikes
- Kellogg names Fareed Khan as incoming CFO