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Tag Archives JBS — page 3

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Brazilian union sues JBS over alleged exploitation of chicken workers

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Reuters – A Brazilian labour union has accused JBS SA of subjecting dozens of workers to “degrading conditions,” according to a class action suit filed against the world’s biggest meatpacker and its suppliers last week. The union filed the claim on behalf of at least 76 people, including members of the Terena Indigenous community, who
JBS signage at Greeley, Colorado. (JBS.com.br)
Livestock, Markets

Brazil’s JBS reboots plan to list shares in New York

International meat packer hopes for access to lower-cost capital

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Sao Paulo | Reuters — JBS SA, the world’s largest meat packer, on Wednesday proposed listing its shares in New York, hoping the move will bring its multiples closer to peers and that a broader investor base will give it more access to cheaper capital, sending its shares up eight per cent in mid-morning trade.
Brazilian meatpacker JBS SA’s logo on a tower in Jundiai, northwest of Sao Paulo in southeastern Brazil, on June 1, 2017. (File photo: Reuters/Paulo Whitaker)
Livestock

JBS opens cleaning unit after outside firm fined for hiring kids

Company says has cut ties to cleaning contractor

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Chicago | Reuters — JBS USA, one of the biggest U.S. meatpackers, is creating an internal company to clean some of its processing plants after a private sanitation firm it employed was accused of hiring children for dangerous work. The launch shows the complexities involved in replacing Packers Sanitation Services Inc. (PSSI), a firm that
News, Other

JBS ends contracts with provider over child labour

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Reuters – The U.S. arm of Brazilian meatpacker JBS is ending contracts with an American company fined for hiring kids to clean meat plants, it was announced April 24. The changes show how a U.S. government investigation into food-safety sanitation company Packers Sanitation Services Inc. (PSSI) is prompting adjustments by major meat companies. JBS said
Brazilian meatpacker JBS SA’s logo on a tower in Jundiai, northwest of Sao Paulo in southeastern Brazil, on June 1, 2017. (File photo: Reuters/Paulo Whitaker)
Beef cattle, Livestock, Markets

JBS to pay US$25 million in latest beef price-fixing settlement

Settlement calls for co-operation in cases against other defendants

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Reuters — JBS SA has agreed to pay US$25 million to commercial beef purchasers that accused the meat-packing company of conspiring with industry rivals to restrict market supply in order to keep prices artificially high. The proposed settlement in Minnesota federal court was disclosed on Friday from plaintiffs’ lawyers representing a class of businesses that
(FevziieRyeman/iStock/Getty Images)
Beef cattle, Livestock, Markets

China agrees to resume imports of Brazilian beef

Beijing authorizes four new Brazilian plants

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Beijing/Sao Paulo | Reuters –– Efforts by the Brazilian government to lift a month-long ban on beef exports to China paid off on Thursday, as Beijing agreed to resume imports while also approving four new beef packers based in Brazil, according to authorities in both countries. China’s General Administration of Customs approved the resumption of
Pilgrim’s Pride underestimated U.S. meat supplies, hurting earnings
Markets, News

Pilgrim’s Pride underestimated U.S. meat supplies, hurting earnings

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Reuters – Pilgrim’s Pride, one of the biggest U.S. chicken companies, underestimated meat production at the end of last year, Chief Executive Fabio Sandri said after the company reported a surprise quarterly loss. The company, owned mostly by meatpacker JBS, joined rival Tyson Foods in misjudging that lower beef and pork supplies would increase demand
Brazilian meatpacker JBS SA’s logo on a tower in Jundiai, northwest of Sao Paulo in southeastern Brazil, on June 1, 2017. (File photo: Reuters/Paulo Whitaker)
Beef cattle, Livestock, Markets

Beef consumption to rise in China, JBS predicts

China seen as more competitive in domestic chicken, pork markets

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Sao Paulo | Reuters — Demand for beef in China is expected to rise as the country still has relatively low per capita consumption, Gilberto Tomazoni, chief executive of JBS SA, said on Wednesday during a business conference. He said Brazil and the U.S., where JBS has meat facilities, are well positioned to meet China’s
(Ozo Foods video screeengrab via YouTube)
Crops

Meatpacker JBS to close U.S. plant-based foods business

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Chicago | Reuters — Brazilian meatpacker JBS is closing its U.S. plant-based foods business, Planterra Foods, after about two years, the company said on Monday. The closure signals increasing troubles in the plant-based protein sector, where U.S. sales are flattening. Colorado-based Planterra sold fake meat under the Ozo brand, but JBS will now focus on

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