February 10, 2009
Perdigao puts 4,220 more workers on leave
Brazilian food company Perdigao S/A said Monday (February 9) it will put thousands more workers on leave nationwide.
The company did not give precise reasons why it was putting another 4,220 workers on paid leave after putting 2,370 on leave in Rio Grande do Sul state just last week.
The company said in press reports that local consumption was not slowing, but that it was making adjustments to stocks in its chicken production facilities in Mato Grosso do Sul, Parana and Santa Catarina states.
Brazil is the world's leading chicken meat exporter. The Brazilian Chicken Producers and Exporters Association, or ABEF, said Jan. 13 that it expects 2009 export volume to increase by 5 percent in 2009.
Perdigao's local shares on the Bovespa stock exchange in Sao Paulo were underperforming the general Ibovespa stock index Monday. Perdigao shares were down 0.68 percent to 30.90 Brazilian reals a share.
