US pork producer Smithfield Foods has announced it is to merge two of its major pork processing plants, resulting in the loss of a “minimal” number of jobs as the company tried to cut costs.

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Smithfield will merge its Smithfield Packing CO and Gwaltney of Smithfield businesses into one unit, which will have annual sales of more than US$2.5bn, reported Reuters.


The company also announced that Lewis R Little, president of the Smithfield Packing unit, will retire, effective 5 September. The new merged unit will be run by Timothy Seely, who is currently president of Gwaltney.


 

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