Maple Leaf Foods's earnings droped in Q1
date:May 05, 2012
second half.
The company noted that it incurred C$20.4m ($20.6m) of pre-tax costs, due to its restructuring plans.
As a part of its restructuring plan to boost competitiveness and profitability, last year, the company announced its plan to cut 1,550 jobs, close plants in four provinces, streamline distribution, and invest C$560m ($561.81m) in infrastructure and technologies over three years.
During the quarter, the company closed down its chicken processing facility in Ontario, and moved product
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04/20 07:04