Job Cuts at Maple Leaf Foods
by sabrinarai ~ October 20th, 2011. Filed under: Uncategorized.
Maple Leaf Foods has decided to close plants in four provinces which will result in cutting 1,550 jobs. The plan that the company set was supposed to create 1,150 jobs, but the associated plant closures will outweigh that, which results in a net loss of 1,550 positions. Maple Leaf plans on building a new plan in Hamilton, Ontario and will also look for plants in Winnipeg, Saskatoon and Brampton, Ontario. Four distribution centres will also be closed and existing facilities and consolidating distribution will be used instead.
The company has been streamlining for the past two years trying to improve its profitability and become more efficient. This has been the biggest move so far by the maker of Maple Leaf. Three years ago, the company was focused on a “Lysteria-tainted meat scandal that led to a massive recall of cured meats manufactured at a contaminated Toronto plant.” This final part of the plan will “deliver significant and sustainable value to its shareholders,” said Michael McCain. (CEO of Maple Leaf) It will close the cost gap with United States and also increase the competitiveness.
Video From Global National: http://www.globalnational.com/GlobalNational/video/maple+leaf+foods+announces+job+cuts+and+plant+closures/video.html?v=2156695574&p=3&s=dd#video
Link: http://www.cbc.ca/news/business/story/2011/10/19/maple-leaf-foods-restructuring.html