agriculture

Smithfield says expansion of Tar Heel facility behind closure of company’s Clayton plant

Smithfield ham (Photo: Amazon)

More than 100 Smithfield workers will lose their jobs at the company’s distribution center in Clayton, but an expansion of the Tar Heel plant, not ongoing nuisance lawsuits, are behind the facility’s closure.

Dennis Organ, senior vice president of supply chain and direct store delivery, issued a statement yesterday noting that the company has invested $100 million to expand the plant in Tar Heel, and 250 positions will be added as a result of the expansion.

Clayton employees will be offered positions at the Tar Heel operation and elsewhere, according to a company statement.

It’s unclear how many workers will transfer to Tar Heel, which is 80 miles south of Clayton.

Smithfield’s packaged meats division increased its profit this year — nearly 11 percent. But according to an August report to investors, WH Group, Smithfield’s China-based parent corporation noted that President Trump’s tariffs had dented profits in the US fresh pork segment. “Profits declined significantly due to an overabundant supply of meat in the market and trade tensions,” the report read.

Operating profit decreased by 3.8 percent in the US to $867 million, which the company attributed to inflation in wages and logistical costs.

 

 

 

 

Check Also

Scientists recommend expanding investigation of suspected thyroid cancer clusters in NC

North Carolina health officials should expand its investigations ...

Top Stories from NCPW

  • News
  • Commentary

The U.S. House on Thursday voted to hike the federal minimum wage to $15 per hour by 2025.  The meas [...]

Gov. Roy Cooper signed the controversial “Death by Distribution” bill into law last week. Under the [...]

Van der Vaart: supporter of Trump, critic of regulation, was in charge during some of the state [...]

North Carolina voting rights groups and Democrats were compared to the legendary Pied Piper at the s [...]

Linger long enough in Raleigh’s legislative lagoon and you’ll find there are three kinds of lawmaker [...]

There’s an old adage in the law that’s often used to describe situations in which a judge jails some [...]

The right-wing wallflowers of The Wall Street Journal reported Sunday, with an almost palpable sense [...]

The post Hofeller: The GOP’s “Michelangelo of the gerrymander” appeared first on NC Policy Watch. [...]