MONTEREY, Tenn. (AP) – Perdue Farms plans to close a processing plant in Tennessee that employs more than 430 people.
In a news release Thursday, the company confirmed the Monterey facility would close at the end of March. He said changes in market demand and how the company manufactures and supplies its products have affected the Monterey plant in recent years.
The company best known for its chicken says it is providing additional severance packages to affected employees in Tennessee with additional pay and job placement assistance.
“While this decision is incredibly difficult, it is necessary to ensure that Perdue remains fit for the future,” CEO Kevin McAdams said in the news release. “We have to make challenging choices today to continue to serve our customers and users effectively, and to continue to grow our company.
Based in Salisbury, Maryland, Perdue Farms was founded in 1920. It has more than 20,000 employees and annual sales of more than $10 billion, focusing on poultry, livestock and other agriculture.