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Home Trading News Stock Market

Workers plan to halt strike at major US meatpacking plant and resume negotiations

April 5, 2026
in Stock Market
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Workers plan to halt strike at major US meatpacking plant and resume negotiations
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GREELEY, Colo. — Employees at one of many nation’s largest meatpacking vegetation have agreed to return to work and halt a three-week strike after plant proprietor JBS USA agreed to renew negotiations, labor union representatives introduced Saturday.

The strike by hundreds of staff on the Swift Beef Co. plant in Greeley, Colorado, started on March 16 in coordination with the United Meals and Industrial Employees Native 7 union.

The strike got here as U.S. cattle numbers hit a 75-year-old low this 12 months, a decline pushed partly by drought and low costs supplied to ranchers. In the meantime, beef costs have soared to file ranges.

The union mentioned in an announcement that staff will return to work Tuesday morning after plant proprietor JBS USA agreed to reopen talks later within the week. Putting staff in Greeley need larger wages and higher well being care.

“Employees stay united and can proceed to combat,” mentioned native union president Kim Cordova in an announcement.

JBS USA spokesperson Nikki Richardson mentioned the corporate is “making ready to renew and ramp up operations on the Greeley plant subsequent week.”

“Our Final, Greatest and Ultimate provide stays on the desk,” Richardson mentioned in an e mail that didn’t embrace phrases. “We hope workers may have the chance to assessment and vote on it quickly.”

The strike at Greeley is the primary strike at a U.S. slaughterhouse since staff walked out at a Hormel plant in Minnesota in 1985. That strike lasted greater than a 12 months and included violent confrontations between police and protesters.

JBS is the world’s largest meatpacking firm with a market capitalization of $17 billion. It’s the prime employer in Greeley, a metropolis 50 miles northeast of Denver with a inhabitants of about 114,000 individuals.

Union officers beforehand criticized a 2% wage hike as lower than inflation.

JBS mentioned its contract provide was in line with a deal reached with UFCW union staff at different vegetation. However Cordova says Colorado has a better value of residing than these different areas, and well being care prices ate up a lot of the wage enhance.

The value for 100% floor chuck beef greater than doubled over the previous twenty years from $2.55 to $6.07 per pound, in accordance with the Bureau of Labor Statistics. The rise has added to financial nervousness within the U.S.

This text was generated from an automatic information company feed with out modifications to textual content.



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Tags: haltmajormeatpackingnegotiationsplanplantResumestrikeWorkers
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