Smithfield Foods to close six plants, cut 1,800 jobs
Smithfield Foods Inc., the world's biggest pork processor, plans to close six plants by December and cut 1,800 jobs to restructure its pork business as hog supplies dwindle.
Pork producer Smithfield Foods, which has processing facilities in Sioux City, Sioux Center and Denison, reported losses of $78.8 million, or 55 cents per share for its fourth fiscal quarter and $190.3 million, or $1.35 per share, for the full fiscal year ended May 3.