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DENVER -- Immigration raids that rounded up about 1,300 Swift & Co. workers at six meat plants last month could cost the company up to $30 million, officials said Thursday.
Greeley-based Swift said its preliminary estimate of the one- time impact of the raids included $20 million, mostly in lost operating efficiency as new employees are retrained, plus up to $10 million to retain workers and offer hiring incentives to add back production employees.
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Business Briefs
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WASHINGTON - Federal officials said Wednesday that the raids on meatpacking plants in six states uncovered a "disturbing front" in the battle against illegal immigration - identity theft as a tool to obtain employment.
The raids against Swift & Co., a Greeley, Colo.-based meat processor, added up to the largest-ever workplace crackdown on illegal immigration, said Homeland Security Secretary Michael Chertoff.
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WASHINGTON (AP) -- Federal officials said Wednesday that the raids on meatpacking plants in six states uncovered a "disturbing front" in the battle against illegal immigration -- identity theft as a tool to obtain employment.
The raids against Swift & Co., a Greeley, Colo.-based meat processor, added up to the largest-ever workplace crackdown on illegal immigration, said Homeland Security Secretary Michael Chertoff.
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Swift & Co., the third-largest U.S. beef producer, named Sam Rovit, head of global mergers and acquisitions at Bain & Co., as its new chief executive. Rovit replaces John N. Simons, who resigned in April.
Rovit, 47, a graduate of Duke University who earned an MBA at Harvard Business School, joined Bain & Co. in 1988 and was elected to the firm's partnership group in 1995, Swift, based in Greeley, Colo., said Wednesday in a statement.
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Greeley-based Swift & Co. experienced a 3 percent decline in revenues ...
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MILWAUKEE
The U.S. Department of Justice, citing antitrust concerns, filed suit Monday to block the proposed acquisition of National Beef Packing Co. LLC of Kansas City, Mo., by JBS SA of Brazil.
... year after purchasing Greeley, Colo.-based Swift & Co. for $225 million. National Beef was disappoi...
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DENVER -- Swift & Co. credited escalating pork sales for boosting its second-quarter net income to $15.4 million from $13.7 million a year ago and said Monday pork should remain a bright spot during the fallout from the mad cow scare.
Last month's discovery of the first domestic case of mad cow disease, however, is forcing the Greeley-based company to cut staff at some of its six beef plants.
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JBS, which has become a world player in the beef and pork industry in the past half century, considered a U.S. market presence essential to expansion, Keys said.
...Sao Paulo-based JBS Swift would become the largest meatpacker in the United ...
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DENVER -- Japanese officials began inspecting a Swift & Co. meatpacking plant in the northern Colorado city of Greeley Monday as part of a tour of U.S. facilities ahead of their nation's plan to lift a ban on U.S. beef.
Representatives of Japan's health and agricultural ministries arrived at the plant about 50 miles north of Denver before 8 a.m. and were expected to spend the day, Swift spokesman Sean McHugh said.