Union Unite warns new Moy Park owner on cost-cutting
Around $50m (£38m) in cost-cutting from Moy Park's new owner "will not come at the expense" of its thousands of workers here, a trade union has warned.
Pilgrim's Pride Corporation, new owner of the Craigavon-based business, said it was "committed" to retaining the poultry giant's NI headquarters and workforce after taking the firm over in a £1bn deal.
Pilgrim's, which is listed on the New York's Nasdaq, also expects to extract $50m of "synergies" over two years from the acquisition.
Sean McKeever of trade union Unite said it is "putting Pilgrim's Pride on warning".
"We are prepared to fight to defeat any race to the bottom on our members' terms and conditions," he said.
"You will not make $50m savings at the expense of our members.
"The news that Moy Park has been sold to Pilgrim's Pride causes serious concerns to our union and our membership."