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

House committee OKs $100m for Hurricane Florence relief; Dorian price tag still unknown

The House Appropriations Committee approved a major disaster ...

Top Stories from NCPW

  • News
  • Commentary

State environmental regulators will have the power to require most composting facilities to test for [...]

A few short years ago, Lakewood Elementary School in Durham was a low-performing school where only o [...]

[Editor's note: In an extraordinary move unprecedented in modern state history, a narrow quorum [...]

The North Carolina General Assembly is embarking on a historically transparent redistricting process [...]

Surrounded by the labyrinthine performance metrics of North Carolina’s charter school sector, Commen [...]

Nomination of longtime conservative financier and partisan as possible referee makes clear that GOP [...]

If politics can be described as a contact sport, it’s perhaps fitting to say that when the Republica [...]

The post Lady Justice finally has her say on gerrymandering appeared first on NC Policy Watch. [...]