MONTEREY, Tenn. (AP) — Perdue Farms plans to shut a processing plant in Tennessee that employs greater than 430 individuals.
In a information launch Thursday, the corporate confirmed that the Monterey facility would shut in late March. It stated modifications in market demand and the way the corporate produces and provides its merchandise have affected the Monterey plant lately.
The corporate finest identified for its hen says it’s offering affected staff in Tennessee with severance packages with further pay and job placement assist.
“Whereas this choice is extremely troublesome, it’s needed to make sure Perdue stays match for the long run,” CEO Kevin McAdams stated within the information launch. “We should make difficult decisions immediately to proceed to serve our clients and customers successfully, and to proceed to develop our firm.
Primarily based in Salisbury, Maryland, Perdue Farms was based in 1920. It has greater than 20,000 staff and annual gross sales of greater than $10 billion, specializing in poultry, livestock and different agriculture.