Possible strike at JBS plant felt in futures market
18/10/2013
Brazilian packer and tanning group JBS, the world’s largest beef producer, said it is in talks with 3,000 workers to form a new labour contract.
A statement on the United Food & Commercial Workers Union Local 7 website said workers are prepared to strike if negotiations break down. The plant slaughters 5,200 head of cattle a day.
“If you’re going to have this whole big glut of cattle that can’t go anywhere, that’s why it’s negative," Steve Georgy, a vice-president at Allendale, told Bloomberg.
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