Thread: Company Hit By Immigration Raid Slowly Recovering

Apr 10, 2007 4:02 pm US/Mountain

Company Hit By Immigration Raid Slowly Recovering

GREELEY, Colo. Meat processor Swift & Co.’s net sales declined 6.9 percent to $2.09 billion in the third quarter, the company reported Tuesday, saying it is recovering from production declines caused by immigration raids in Utah and five other states.

Sam Rovit, Swift’s president and chief executive officer, said pork production returned to normal in March and beef production was expected to recover by summer.

He said the company is also benefiting from cost and operational improvements.

“We are well on our way to a full recovery,” Rovit said in a statement.

The privately owned company said Swift Beef sales declined 15.8 percent in the three months ending Feb. 25, while Swift Australia sales rose 14 percent and Swift Pork sales rose 2.9 percent.

The company said it lost $9 million in the third quarter, compared to a $30 million loss in the same period a year ago.

Swift said in January it was looking into a range of strategies, from refinancing to a sale to taking the company public. Executives said they began reviewing options after they received unsolicited inquiries.

The Dec. 12 immigration raids hit Swift plants in Greeley; Grand Island, Neb.; Cactus, Texas; Hyrum, Utah; Marshalltown, Iowa; and Worthington, Minn.

Federal agents arrested 1,282 workers. Nearly 250 face state or federal identity theft charges and the rest face immigration charges.

In January, Swift said its preliminary estimate of the one-time impact of the raids included $20 million, mostly in lost efficiencies as new employees are retrained, plus up to $10 million to retain workers and offer hiring incentives to add more.

“The widely reported government raids on our domestic production facilities early in the third quarter reduced the sales and profitability of our U.S. beef and pork segments in the period,” Rovit said Tuesday.

http://kutv.com/local/local_story_100180335.html

"net sales declined 6.9 percent "

You think maybe your sales are down because a lot of Americans like myself do not think you deserve our business and will never buy your products again. I don't want my hard earned money going to Mexico.
Hire Americans and legal immigrants, charge more if you need to,then
I'll bring home the bacon again.

The company said it lost $9 million in the third quarter, compared to a $30 million loss in the same period a year ago.

Hiring illegal aliens really paid off for Swift.

I lived nest to a town in Southern California that had a large meat packing plant. They fired all the legal American employees and hired illegal aliens at one-half the wages. I'll bet you that is exactly what transpired at Swift Meat Packing.

When confronted, they always reply, "They're only doing jobs Americans won't do." Give me a break!!!!

It is just as crazy as farmers and nurseries hiring illegals which they end up bailing out of jail for DUIs and domestic violence among other offenses.