Tag

Meatpacking

All articles tagged with #meatpacking

business2 months ago•2 min saved

Trump orders DOJ investigation into meatpackers over beef prices

President Trump announced an investigation into the meatpacking industry for alleged collusion and price fixing amid rising beef prices, which have surged 13% year over year due to structural issues like drought and labor shortages. The move comes as the administration faces an affordability crisis and industry consolidation, with some companies previously settling price-fixing allegations. The investigation aims to address concerns over artificially inflated prices and foreign ownership influence, but the impact on prices remains uncertain.

via Axios|

#antitrust #business #meat-prices

world5 months ago•1 min saved

Impact of ICE Raid on Nebraska Meatpacking Plant

The ICE raid on Glenn Valley Foods in Nebraska resulted in the detention of over half the workforce, causing a 70% drop in production and raising concerns about the company's future operations.

via The New York Times|

#ice-raid #immigration-enforcement #meatpacking

business6 months ago•1 min saved

Modern Slaughterhouse Rebrands as Eco-Friendly

A new $400 million meatpacking plant in Nebraska, Sustainable Beef, is transforming perceptions of slaughterhouse work by offering improved conditions, higher pay, and daytime shifts to attract local workers and immigrants, aiming to revitalize the industry and create additional jobs, despite some local concerns about demographic changes.

via Newser|

#business #immigration #industry

business6 months ago•1 min saved

JBS Makes U.S. Stock Market Comeback with Trump Ties

JBS, the world's largest meatpacker from Brazil, has made a significant comeback and is now listed on the New York Stock Exchange, with some attributing its resurgence to the deal-making era of President Trump, despite ongoing legal issues related to corruption, price-fixing, child labor, and environmental crimes.

via The New York Times|

#brazil #business #comeback

business7 months ago•2 min saved

JBS Debuts on NYSE Amid Scandal and Expansion Plans

Brazilian meat giant JBS made its U.S. public debut on the NYSE at $13.65 per share, valuing the company at around $30 billion, surpassing Tyson Foods. The company, with a history of corruption scandals and a complex reorganization, finally listed after years of planning, despite opposition and regulatory hurdles, and now trades under the ticker 'JBS'.

via CNBC|

#brazil #business #initial-public-offering

business7 months ago•1 min saved

Global Meat Giants Expand and Debut on U.S. Stock Market

JBS, the world's largest food company, is planning to list on the NYSE to expand its market share in America, potentially increasing its influence but also facing environmental and political challenges.

via The Economist|

#business #food-industry #jbs

world7 months ago•3 min saved

Omaha Meat Plant Raid Sparks Confusion and Protests

Immigration authorities conducted a large-scale raid at Glenn Valley Foods in Omaha, targeting workers suspected of unauthorized employment, despite the company's compliance with E-Verify, leading to community concern and confusion among company officials about the reasons for the raid.

via Politico|

#ice-raid #immigrant-workers #immigration

immigration7 months ago•7 min saved

ICE conducts major immigration raids at Omaha meatpacking plants

A surprise immigration raid at Glenn Valley Foods in Omaha, Nebraska, led to the detention of several workers amid protests and community concern, highlighting ongoing issues with immigration enforcement and employment verification systems.

via Flatwater Free Press|

#ice #immigration #meatpacking

business1 year ago•2 min saved

Smithfield Fined $2M for Child Labor Violations in Minnesota

Smithfield Packaged Meats Corp. has agreed to pay a $2 million fine for alleged child labor violations at its St. James, Minnesota plant, marking the largest penalty ever recovered by the Minnesota Department of Labor and Industry. The investigation found that at least 11 minors, aged 14-17, were employed in hazardous conditions, violating state labor laws. While Smithfield disputes the allegations, claiming the minors used fake IDs, the company has agreed to settle to avoid prolonged litigation and will implement measures to ensure future compliance.

via KARE11.com|

#business #childlabor #laborlaws