Wilson Foods seeks bankruptcy relief to cut labor costs
Wilson Foods files for bankruptcy and plans to adjust union wage rates and benefits to competitive levels. The company will continue operations, pay current bills, and rely on cash and credit while pursuing a substantial profit sharing plan for hourly workers. Griggy cites eroded margins and a need to save jobs as the rationale.
MENTIONED IN THIS ARTICLE
Wilson Foods
Griggy
UFCW
Wilson
Weather summary with storms and highs across the nation
Wind direction and velocity at midnight North six mph. Sunset 6 56 pm sunrise 6 13 am Sunday. Highs today 90 record, low 20 record. Extended forecast partly cloudy and mild early week with thundershowers possible midweek. National storms include strong thunderstorms in the south and hail near Dallas Fort Worth Marshall and Shreveport. Tornado near Sayre Oklahoma. Rain totals exceed 4 inches in New Orleans.
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Rockies
Wilson Foods faces possible strike as stock plunges and kill lines lag
Farmers fear a Wilson Foods shutdown will hit hog prices and trade. Jim Sigman of Blunt Ellis and Loewi in Cedar Rapids warns the market could swing if the Cedar Rapids plant does not reopen its kill lines Monday. Iowa officials and farm groups express concern over potential losses to hog farmers and industry funds. IBP says its Stanwood hog facility plans remain unaffected.
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Wilson Foods
Jim Sigman
Blunt, Ellis and
Loewi
Cedar Rapids
New York Stock Exchange
Wilson Food
Sigman
The
Gazette
Wilson’s
Iowa Pork Producers Association
Des Moines
al Tank
Wilson
Iowa and
National Pork Producers Associations
Pork Group
Gene Maahs
Iowa Farm Bureau
Iowa
Maahs
Wilson's
Charles Harness
Iowa Beef Processors Inc
Dakota City
Neb
IBP
Stanwood
Evans Smith faces execution in Alabama electric chair
Evans Smith was executed after a stay was overturned by a 7-2 Supreme Court ruling. He died in Holman Prison, while about 30 opponents gathered outside Wallace's mansion in Montgomery. A second and third jolts were needed after the electrode blew off his leg in the first jolt.
MENTIONED IN THIS ARTICLE
Evans
Nassar
Wallace
Supreme Court
Alabama
America
Ron Tate
Reagan extends grain talks amid Poland tensions
The 1981 grain embargo remains and long term negotiations with the Soviet Union are suspended, prompting the Soviets to seek more imports from competitors. Officials insist the move is not a Poland signal, while lawmakers praise the step as restoring U.S. credibility as a grain supplier.
MENTIONED IN THIS ARTICLE
Afghanistan
Reagan
Poland
America
Soviet Union
Mark Palmer
White House
Agriculture Department
State Department
Capitol Hill
Robert Dole
R-Kan
United States
Roger Jepsen
Iowa
Dole
Anatoly Dobrynin
U.S
Jepsen
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