Iowa Faces Wave of Job Losses: Hundreds of Jobs Cut
Iowa’s job market is facing another significant blow as Smithfield Foods announces the closure of its ham boning facility in Altoona, resulting in 319 layoffs.
The company filed a WARN notice with the Iowa Workforce Development Department, advising that the layoffs will take effect on August 31.
This closure is part of Smithfield’s plan to consolidate production volume at locations in other states. Smithfield has committed to providing transition assistance to the affected employees.
“We appreciate the good work our Altoona employees have done over the years and are committed to supporting every employee through this transition,” said Doug Sutton, chief manufacturing officer for Smithfield Foods.
The company plans to meet with employees individually to discuss severance, financial incentives, and potential employment opportunities at other Smithfield locations.
This new development adds to the already troubling trend of layoffs in the state.