Wednesday, June 29, 2011

Plant Prospector: Cagle's Will Close Production Shift and Lay Off 300 in Pine Valley Mountain, Georgia

Cagle's, Inc., will end a production shift at its plant in Pine Mountain Valley, Ga., and eliminate 298 jobs effective on Aug. 19, 2011.

The Company blamed the layoffs on soaring feed costs with prices jumping 34 percent last fall, mainly because of a 75 percent increase in the cost of corn.  The Company added that boneless breast sales also decreased 10 percent compared to last year.

Cagle's is vertically integrated poultry company supplying fresh and frozen chicken products to customers coast to coast and worldwide.

Information is provided by the Plant Prospector. For more information on the product, follow this link

The Plant Prospector is a weekly e-mail service that identifies national, regional, and local plants and businesses in transition through layoffs, closings, and work force reductions. A reduction in the number of employees is an indication of a current or imminent change in the operations of an enterprise and is invaluable in identifying companies including private firms, small public companies, and subsidiaries of major corporations that are in flux. Plant Prospector is an ideal prospecting tool for firms that provide services to businesses in transition, such as temporary employment agencies and outplacement firms, and for companies whose business may be affected by change, such as suppliers, professional firms, and insurance companies.

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