STOCK TITAN

Pilgrim’s Announces Significant Wage Increase in Mayfield, Kentucky

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Pilgrim's, a leading global food company, announced a $4.5 million annualized wage increase for employees at its Mayfield facility in response to a recent tornado disaster. The $2 per hour increase boosts starting wages to $16.50 per hour. This initiative accompanies a previous commitment of $1 million for tornado relief. CEO Fabio Sandri emphasized the company's dedication to the local community, aiming to support recovery and strengthen the region. The Mayfield facility employs over 1,500 individuals and collaborates with 235 family farmers.

Positive
  • Annualized wage increase of $4.5 million supports 1,500+ employees.
  • Wage increase raises starting pay to $16.50 per hour, enhancing employee satisfaction.
  • Previous $1 million commitment for tornado relief demonstrates corporate responsibility.
  • Strengthens community relations and local economy after tornado impact.
Negative
  • None.

GREELEY, Colo., Jan. 21, 2022 (GLOBE NEWSWIRE) -- Pilgrim’s, a leading global food company and the largest employer in Graves County, Ky., today announced a $4.5 million annualized wage increase for team members at its Mayfield production facility to help support the local community recently impacted by a devastating tornado. The $2 per hour pay increase will elevate starting wages to $16.50 per hour at the Mayfield facility.

“The community of Mayfield has suffered through an incredibly challenging time and as a critical employer in the county, Pilgrim’s is committed to help bring back Mayfield stronger than ever,” said Fabio Sandri, Pilgrim’s CEO. “We previously committed $1 million in tornado relief and today, we are significantly increasing wages for the men and women of Mayfield who produce food for families everywhere. We are proud members of this community, and we hope our investments will help strengthen the region moving forward.”

The permanent pay increase, negotiated in partnership with UFCW Local 227, is in addition to the $1 million investment Pilgrim’s announced in December to assist with community recovery needs and support long-term rebuilding efforts resulting from the tornado that impacted the area.

“I am grateful for all our team members in Mayfield who are extremely deserving of this wage increase,” said Kent Massey, Pilgrim’s Mayfield complex manager. “We remain focused on supporting not just our team members and their families but also our neighbors and the broader community.”

Pilgrim’s Mayfield employs more than 1,500 people and supports 235 family farmers and poultry growers in the area.

About Pilgrim’s
As a global food company with more than 56,000 team members, Pilgrim’s processes, prepares, packages and delivers fresh, frozen and value-added food products for customers in more than 100 countries. For more information, please visit www.pilgrims.com.

Media Contact:
Nikki Richardson
Corporate Communications
nikki.richardson@jbssa.com


FAQ

What is the recent wage increase announced by Pilgrim's for Mayfield production facility employees?

Pilgrim's announced a $4.5 million annualized wage increase, raising pay by $2 per hour to $16.50.

How many employees does Pilgrim's Mayfield facility have?

The Mayfield facility employs over 1,500 people.

What was Pilgrim's previous financial commitment for tornado relief?

Pilgrim's previously committed $1 million for tornado relief efforts.

Who negotiated the permanent pay increase at Pilgrim's Mayfield facility?

The wage increase was negotiated in partnership with UFCW Local 227.

How does Pilgrim's plan to support the Mayfield community after the tornado?

Pilgrim's plans to support the community through wage increases and previous monetary commitments for recovery.

Pilgrims Pride Corporation

NASDAQ:PPC

PPC Rankings

PPC Latest News

PPC Stock Data

12.02B
237.12M
82.57%
16.13%
2.65%
Packaged Foods
Poultry Slaughtering and Processing
Link
United States of America
GREELEY