Food giant to close plants, restructure
Toronto, Ont. – Maple Leaf Foods has announced it will close several of its processing facilities and distribution centres, and cut 1,550 jobs.
The move is part of a plan to restructure operations that will include an investment of $560-million over the next three years. Part of that investment will be a $395-million prepared meats processing plant in Hamilton, Ont., scheduled for completion by 2014.
In addition, Maple Leaf will upgrade equipment at plants in Winnipeg, Man., Saskatoon, Sask., and Brampton, Ont.
Closures and job cuts
Meanwhile, processing facilities in North Battleford, Sask., Kitchener, Ont., Hamilton, Ont., Toronto, Moncton, N.B., and Winnipeg are scheduled to shut by the end of 2014, with production moving to new or modernized plants. Distribution centres in Burlington, Ont. and Coquitlam, B.C., will also be closed.
In total 2,500 jobs will be cut, although approximately 1,000 more will be created once the new and upgraded facilities are completed.
According to the company, the changes are intended to help boost productivity, while improving competitiveness and profit margins.