PITTSBURG, Texas (AP) — Pilgrim's Pride Corp. said Friday it will cut 3,000 jobs as it shuts down operations at three of its 32 chicken processing plants.
The closures will reduce the company's chicken production by roughly 10 percent. They are designed to save the company $110 million a year as part of an ongoing restructuring. The Pittsburg, Texas-based company filed for Chapter 11 bankruptcy protection in December under a heavy debt load.
The plants are expected to close by mid-May. They are in Douglas, Ga.; El Dorado, Ark.; and Farmerville, La. The company expects the closures to cost $35 million, not including asset write-downs it may take in the second quarter.
The company also said it would combine its protein salad production operation in Franconia, Pa., with its Moorefield, W. Va., facility.
The company says the move also affects 430 independent chicken farmers.
Copyright 2009 The Associated Press.
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