Daily Trade News

Poultry producer Pilgrim’s Pride lifts wages in tornado-hit Mayfield



© Reuters. A drone picture of crews making repairs to the roof of the Pilgrims Pride North office after it was hit by a tornado in Mayfield, Kentucky, U.S. December 15, 2021. REUTERS/Adrees Latif

(Reuters) – Pilgrim’s Pride (NASDAQ:) Corp said on Friday it would raise starting wages for workers at its Mayfield, Kentucky, production facility by $2 to $16.50 per hour after the area was devastated by a chain of deadly tornadoes last month.

The tornadoes killed at least 64 people in Kentucky, destroyed one Pilgrim’s Pride chicken hatchery and significantly damaged another which supplied to farmers near Mayfield, a town of 10,000 that suffered some of the worst damage.

The company negotiated the permanent pay increase with the UFCW Local 227 workers union for the Mayfield facility, which employs more than 1,500 people.

The total wage increase amounts to $4.5 million on an annualized basis, it said.

The raise also comes at a time when the U.S. meatpacking sector faces large-scale staffing shortages due to the spread of the Omicron coronavirus variant among workers.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Read More: Poultry producer Pilgrim’s Pride lifts wages in tornado-hit Mayfield