make WWAY your homepage  Become a fan on facebook  Follow us on twitter  Receive RSS Newsfeeds  MEMBERS: Register | Login

Poor third quarter earnings announced by Smithfield Foods

READ MORE:
smithfield300.jpg
Smithfield Foods, the leading pork processing plant in the country, just released their third quarter earnings. It looks like the economy is hitting them hard. In the third quarter, Smithfield netted a loss of more than $100 million. Last month, the company announced it would close six plants across the country, including the Elon plant. This means around 160 employees will lose their jobs by the end of the year. Many other employees will be offered transfers to other plants, which means the Tar Heel plant in Bladen County might see some growth down the line.

Disclaimer: Comments posted on this, or any story are opinions of those people posting them, and not the views or opinions of WWAY NewsChannel 3, its management or employees. You can view our comment policy here.

»

LOL

and the cause...UNIONIZATION....can't say I couldn't have predicted this...

Unionization-lol

You hit the nail on the head with that statement! Oh but I'm sure they don't care since they are now all making SO MUCH more money... (the Union leaders, that is)