^

Business

San Miguel unit closes plant

-
San Miguel Food Inc. (SMFI) has decided to close its Cabuyao processing plant, the oldest of its processing plants.

SMFI said it decided to close the plant due to increasing environmental demands and stiff competition from low-priced chicken imports.

The firm said its generous retirement package and benefits would involve more than P207 million as payment to those affected.

Efforts to redeploy the plant employees to other units within the company are being considered to the extent there are available posts. Seminars on setting up alternative sources of livelihood as well as counseling will also be given to the affected employees.

To meet its commitments to customers, the output of SMFI’s other processing facilities will be increased.

vuukle comment

AFFECTED

CABUYAO

CLOSE

DECIDED

EMPLOYEES

PLANT

PROCESSING

SAN MIGUEL FOOD INC

SMFI

  • Latest
  • Trending
Latest
Latest
abtest
Recommended
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with