Farmland will trim 103 jobs in cost-cutting measure

Published 12:00 am Tuesday, June 18, 2002

Farmland announced Monday that it laid off 103 full-time employees.

The trimming was for workers in management and administrative positions. Forty-seven of them were staff from the Kansas City headquarters. Following the closure of a convenience store chain in Arkansas, the total reduction of Farmland’s workforce amounts to nearly 300 since the cooperative filed for Chapter 11 bankruptcy protection on May 31.

The company said the 6,100 hourly production workers in pork, petroleum and crop production operations were not affected. The company has a total of 1,682 employees in management and administrative posts.

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&uot;This was a difficult day for all of us at Farmland,&uot; said President/CEO Bob Terry in a statement. &uot;We are doing our best to treat people fairly with dignity, reflecting the excellent service they have provided to Farmland and its farmer-owners over the years.&uot;

The company said that the displaced employees were given severance pay based on their years of service. To assist their job search, Farmland established a career transition center providing complimentary use of company computers, telephones, copy machines and fax.

&uot;We have sized our workforce appropriately for the work ahead of us,&uot; Terry said. &uot;However, it is possible that additional positions may be affected as we continue our restructuring efforts in the months ahead.&uot;