Pilgrim's Pride, in the poultry biz, has sent 335 employees running around like a chicken with its head cut off. These cuts will come within this month, so it will cause a tightened spending pattern by their employees as we head into the winter season and the season formerly known as the holiday shopping season.
These cuts will not impact one particular area heavily as they are into socialistic patterns of spreading the pain across their locations that number in the 30s. They already did the major economical impact to a localised area by laying off 700 in Arkansas, the Clinton state.
In my opinion, I'd keep a watch on these guys as a future bankruptcy.
Related:
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