Smithfield Foods Inc., owner of Circle Four Farms in Utah, plans to close six plants by December and cut 1,800 jobs to restructure its pork business as gains in hog prices outpaced pork prices.
CEO C. Larry Pope is reducing the number of independent companies to three from seven to cut costs and move operations to more profitable locations.
The plants to be closed are located in Smithfield, Va.; Plant City, Fla.; Elon, N.C,; Great Bend, Kan.; New Riegel, Ohio, and Hastings, Neb.
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