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 mentioned modifications in market demand and the way the corporate produces and provides its merchandise have affected the Monterey plant in recent times.
The corporate finest recognized for its hen says it’s offering affected staff in Tennessee with severance packages with additional pay and job placement assist.
“Whereas this resolution is extremely troublesome, it’s obligatory to make sure Perdue stays match for the longer term,” CEO Kevin McAdams mentioned within the information launch. “We should make difficult decisions in the present day to proceed to serve our prospects and shoppers successfully, and to proceed to develop our firm.
Based mostly 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.
