CLINTON, AR - Pilgrim's Pride Corp. says it will idle its chicken processing plant in Clinton as the company struggles with high feed costs and lower market demand.
State economic officials say at last count more than 350 employees work at the Clinton facility. Officials said they didn't know how Monday's announcement would affect the work force there.
Pilgrim's Pride says the idling at Clinton, coupled with stopping production at a Louisiana plant, will eliminate about 600 jobs. The company says it will help employees find other jobs and will re-open the plant once "industry margins can be sustained."
Shares of Pilgrim's Pride, based in Pittsburg, Texas, rose 53 cents in early trading Monday to $16.33.