The Ukrainian billionaire who purchased the North Carolina assets of bankrupt chicken processor Townsends plans to reduce operating expenses and ramp up exports of dark meat in an attempt to return the company to profitability.
An adviser to the new owner, George Kikvadze, outlined the strategy during a phone interview this week from Kiev. He declined to rule out the need for layoffs.
"Our goal right now is to save as many jobs [as we can] and the way we can do that is by making the business as competitive as possible," he said.
Read the story here
