CALIFORNIA | LOCAL
June 13, 1987
Ronald Asquith's reply (Letters, May 9) about Occidental Petroleum Corp.'s meatpacking subsidiary, IBP, is wrong! He may be the vice president of employee relations in Los Angeles, but I worked at the Dakota City, Neb., plant for almost two years. I have since moved away because of the lockout by management in December, 1986. Asquith stated that ". . . a substantial number of strikers having returned to work, having accepted IBP's wage package . . ." He did not mention that the reason they returned to work.
July 13, 1999 |
A Teamsters local representing more than 1,200 meatpacking workers in eastern Washington state was placed under trusteeship Monday, less than a week after workers at a plant owned by IBP Inc. ended a bitter monthlong strike by narrowly approving a new contract.
September 25, 2003 |
Tyson Foods Inc. said it would fire as many as 600 workers at its Hope, Ark., chicken-processing plant to reduce costs. The cuts will affect mainly unionized workers who remove bones from chicken carcasses, Tyson spokesman Ed Nicholson said. The plant employs about 1,650 people and processes about 1.3 million birds a week. "We're outsourcing some of the operations to other facilities," Nicholson said. "It's economically feasible to do so."
December 30, 2000 |
Pork producer Smithfield Foods Inc. is expected to improve its offer for IBP Inc., as a deadline looms in its battle with Tyson Inc. for control of the beef-processing company, analysts said. Tyson, the largest U.S. poultry producer, raised its bid for IBP late Thursday by $1 to $27 a share in cash and stock, valuing Dakota Dunes, S.D.-based IBP at $2.9 billion. Smithfield, Va.-based Smithfield has offered $25 a share in stock and has been expected to raise the bid.
March 27, 1997 |
Giant meat processor IBP Inc., seeking to tap into the growing market for foods prepared away from home, said it agreed to acquire Foodbrands America Inc., a food service supplier, for $640 million. IBP, based in Dakota City, Neb., said it offered to pay $23.40 a share for a total of $292 million in cash and to assume about $348 million in Foodbrands' debt. IBP is the nation's largest meatpacker.
November 15, 2000 |
IBP Inc., which last month agreed to a management-led buyout, said it will consider a competing $4.1-billion bid from Smithfield Foods Inc. that would create the nation's largest beef and pork producer. IBP, the largest U.S. beef supplier, said in a letter to Smithfield Chief Executive Joseph W. Luter III that it was "prepared to enter into discussions" if the Smithfield, Va.-based pork producer increased its offer of $25 a share in stock.