Smithfield Foods Strategically Transfers Hog Operations in Preparation for IPO
In a significant move aligned with its upcoming initial public offering (IPO), Smithfield Foods has announced its decision to transfer a portion of its hog operations to an affiliate known as Smithfield Farm. This strategic shift not only reflects the company’s objective to streamline its operations but also positions it favorably ahead of the much-anticipated IPO, which is projected to occur in the first half of 2024.
Continue readingSmithfield Foods Reaches Settlement Over Child Labor Allegations in Minnesota
In a significant legal development, Smithfield Foods, one of the largest pork processors in the United States, has reached a settlement regarding allegations of child labor violations at its facilities in Minnesota. This settlement comes as part of an ongoing investigation into the company’s labor practices, particularly concerning the hiring of minors in unsafe working conditions.
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