Related topics: Financial & Industry
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.
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