A US Plant Now Makes An Unexpected Closure Affecting Thousands

A US plant now makes an unexpected closure affecting thousands of employees by this upcoming June, sources confirm.

Tyson Foods has decided to shut the doors of its Perry, Iowa pork plant at the end of June after closing just six plants last year.

“After careful consideration, we have made the difficult decision to permanently close our Perry, Iowa pork facility.

We understand the impact of this decision on our team members and the local community,” a Tyson Foods spokesperson said in a statement to local CBS affiliate KCCI.

“Taking care of our team members is our top priority and we encourage them to apply for other open roles within the company.

We are also working closely with state and local officials to provide additional resources to those who are impacted.

“While this decision was not easy, it emphasizes our focus to optimize the efficiency of our operations to best serve our customers.

Iowa remains a key state for Tyson Foods, with employment of more than 9,000 team members across our other Iowa facilities.”

The Iowa location is the ninth processing factory the company has decided to close since 2023 in an attempt to cut costs, reported The Wall Street Journal.

Over the past year, Tyson executives have said they could be closing more of their chicken, beef, and pork plants, according to the Journal.

Tyson is the largest meatpacker in the United States and one of the nation’s largest pork processors.

The Perry plant, which is smaller than other Tyson plants in the state, is estimated to have the capacity to slaughter about 8,000 pigs a day, roughly 2% of the US total, according to agricultural lender Rabobank.

“With the looming closure, 1,200 employees will be left jobless,” reports The-Sun.

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Also Read: Another Business Now Announces Unexpected Layoffs in Kentucky

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Market News Today - A US Plant Now Makes An Unexpected Closure Affecting Thousands.
Market News Today – A US Plant Now Makes An Unexpected Closure Affecting Thousands.

A popular alcohol company now declares an unexpected bankruptcy after facing a difficult time coming back from the Covid-19 pandemic.

Colorado-based Lee Spirits, a distiller of premium gin, vodka and liqueurs, on March 8 filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Colorado after shutting down all operations four days earlier, including its Colorado Springs tasting room, Brooklyn’s on Boulder Street.

The company on March 4 revealed on social media that it had ceased operations as it could not overcome the prolonged impact of the Covid-19 pandemic and “the ever-changing industry landscape.”

The company did not specify whether it was seeking a buyer for its assets or would liquidate.

“It is with heavy hearts that we share some difficult news. After a decade of dedicated service to the Colorado community, Lee Spirits Company, alongside our beloved tasting room, Brooklyn’s on Boulder Street, will be ceasing operations effectively immediately,” Lee Spirits said in a statement on social media.

“Founded over 10 years ago, Lee Spirits Company has been an incredible source of pride. We’ve poured our passion into crafting premium gin, vodka, and liqueurs, aiming to elevate your gatherings and celebrations,” the statement continued.

“Brooklyn’s on Boulder Street, once a beacon of Colorado Springs’ cocktail scene, stood as a testament to our commitment to creating memorable experiences,” the company said.

“However, despite our best efforts, the prolonged impact of the COVID-19 pandemic and the ever-changing industry landscape presented challenges we simply couldn’t overcome.”

Lee Spirits, which launched operations in 2013, reported $616,552 in assets and $1.38 million in liabilities in its petition.

The company’s annual gross revenue had fallen from $997,221 in 2022 to $832,035 in 2023, according to court papers.

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Also Read: A Massive Mall Retailer Is Now Closing in California

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Market News Today - A US Plant Now Makes An Unexpected Closure Affecting Thousands.
Market News Today – A US Plant Now Makes An Unexpected Closure Affecting Thousands.

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