03.12.2008

Pilgrims Pride

The world's largest poultry processor has filed for bankruptcy protection as it seeks to restructure a business expected to report a fourth-quarter loss of $800m.
The company is now attempting to negotiate a $450m loan to continue operating, with 48,000 workers at 35 chicken processing plants in the US and Mexico. Pilgrims Pride has the capacity to process more than 45 million birds a week from its 35 chicken processing plants in the US and Mexico.