Breaking News on Food & Beverage Development - North AmericaEU edition | Asian edition

Headlines > Business

News in brief

Chicken processor in bid to exit bankruptcy

02-Mar-2009

Related topics: Business

Pilgrim's Pride Corporation has announced that it is to idle three of its 32 US chicken processing plants in a bid to exit bankruptcy by the end of the year.

The move will reduce production output by nine to ten per cent, claims the company.

The chicken processor, like other US meat manufacturers, has been impacted negatively by a recession led slump in consumer demand and an oversupply of meat on the market.